Question: Problem 1 2 - 3 ( Algo ) Assume last period s forecast was 3 6 and the demand was 3 8 . a .

Problem 12-3(Algo)
Assume last periods forecast was 36 and the demand was 38.
a. What was the forecast error?
b. What would be the forecast for the next period using an exponential smoothing model with alpha =0.7?(Round your answer to the nearest whole number.)

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