Question: The data below represent the demand for a new aftershave in a shop for each of the lat 7 months a. Calculate a two-month moring


The data below represent the demand for a new aftershave in a shop for each of the lat 7 months a. Calculate a two-month moring average for months two to seven. What would be your forecast for the demand in month eight? a) b. Apply exponential smoothing with a smoothing constant of 0.1 to derive a forecast for the demand in month eight. b. Apply exponential smoothing with a amoothing constant of 0.1 to derive a forecast for the demand in month eight. c. Which of the two forecasts for month eight do you prefer? Explain Four
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