Question: Given the following data: a) Prepare a forecast using smoothing constant =0.40. b) What is the starting point? An initial forecast value must be determined.

Given the following data: a) Prepare a forecast using smoothing constant

Given the following data: a) Prepare a forecast using smoothing constant =0.40. b) What is the starting point? An initial forecast value must be determined. c) Average of several periods of actual data. d) Subjective estimate (for this example, use 60). e) First actual value (nave approach)

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