Question: Alpha = 0.6 a) Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see

Alpha = 0.6 a) Using Single or Simple exponential

Alpha = 0.6

a) Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the excel sheet. b) Using naive method, what will be the forecasted sale for the month of June? Ft+1=F1+(A1F1) Fi1= Forecast value for time t+I Ai= Actual value at time t = Smoothing constant Considering the smoothing constant Initial forecast =115,000

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