Question: In the exponential smoothing formula below used for forecasting, what is term F ( t - 1 ) ? F ( t ) = F

In the exponential smoothing formula below used for forecasting, what is term F(t-1)?
F(t)= F(t-1)+ a(A(t-1)- F (t-1))
previous period's forecast
new forecast
previous periods actual demand
O smoothing (weighting) constant

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