Question: Remember that the exponential smoothing forecast is based on last period's forecast and the fraction of the difference between last period's forecast and actual demand:
Remember that the exponential smoothing forecast is based on last period's forecast and the fraction of the difference between last period's forecast and actual demand:
Upper F Subscript t Baseline equals Upper F Subscript t minus Baseline plus alpha left parenthesis Upper A Subscript t minus Baseline minus Upper F Subscript t minus Baseline right parenthesis comma where alpha equals smoothing constant between and
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