Question: d. Exponential Smoothing Exponential smoothing uses the formula: Forecast = Actual value of the current period + ( 1 ) Forecast for the current period

d. Exponential Smoothing Exponential smoothing uses the formula: Forecast = Actual value of the current period + ( 1 ) Forecast for the current period Forecast=Actual value of the current period+(1)Forecast for the current period Assuming the forecast for Period 1 (F1) is the same as the actual value (60). For Period 2: F 2 = ( 0.4 65 ) + ( 0.6 60 ) = 26 + 36 = 62 F2=(0.465)+(0.660)=26+36=62 plz explain for 5 yr old

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