Question: The forecasted inventory level in week 3 [ F 3 ] was 4 0 . The actual inventory level in week 3 [ A 3

The forecasted inventory level in week 3[F 3] was 40.
The actual inventory level in week 3[A 3] was 60.
Use an exponential smoothing model with
=0.6 to forecast the inventory level in week 4.
Ft =(alpha) At-1+(1- alpha) Ft-1

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