Question: The basic exponential smoothing equation is Ft+1 = St = Xt + (1-)St-1. Exponential smoothing is often described as a procedure where the new forecast

The basic exponential smoothing equation is Ft+1 = St = Xt + (1-)St-1. Exponential smoothing is often described as a procedure where the new forecast is calculated by taking the previous periods forecast and adding an adjustment to it. From the above equation show that this is true. What is the adjustment?

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