Question: Given the following data: Prepare a forecast using smoothing constant = 0.40. a) Subjective estimate (for this example, use 60). b) First actual value (nave

Given the following data: Prepare a forecast using smoothing constant = 0.40. a) Subjective estimate (for this example, use 60). b) First actual value (nave approach). Period Actual Forecast Calculations 1 63 2 52 3 56 4 62

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