Consider the following actual (A) and forecast (F) demand levels for a commercial multiline telephone at...

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Consider the following actual (A₁) and forecast (F) demand levels for a commercial multiline telephone at Office Max: Time Period Actual Demand t 1 2 3 4 5 At 45.0 48.0 58.0 45.0 Forecast Demand Ft 45.00 45.00 45.60 48.08 ? The first forecast, F₁, was derived by observing A, and setting F₁ equal to A₁. Subsequent forecasts were derived by exponential smoothing. The smoothing constant (a) used to derive the subsequent forecasts = 0.20 (round your response to two decimal places). (Hint: To determine x, use either the relationship for period 3 or 4.) Using exponential smoothing, the forecasted demand for period 5 using the smoothing constant determined above = to one decimal place). (round your response Consider the following actual (A₁) and forecast (F) demand levels for a commercial multiline telephone at Office Max: Time Period Actual Demand t 1 2 3 4 5 At 45.0 48.0 58.0 45.0 Forecast Demand Ft 45.00 45.00 45.60 48.08 ? The first forecast, F₁, was derived by observing A, and setting F₁ equal to A₁. Subsequent forecasts were derived by exponential smoothing. The smoothing constant (a) used to derive the subsequent forecasts = 0.20 (round your response to two decimal places). (Hint: To determine x, use either the relationship for period 3 or 4.) Using exponential smoothing, the forecasted demand for period 5 using the smoothing constant determined above = to one decimal place). (round your response

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SOLUTION To calculate the forecasted demand for period 5 usi... View the full answer