Question: Use Excel. Suppose that the forecast generated by an exponential smoothing model with =0.3 at the end of July for a product's demand in August

Use Excel. Suppose that the forecast generated by an exponential smoothing model with =0.3 at the end of July for a product's demand in August was 92 units. The actual demand in August was 103 units. Determine the exponential smoothing forecast for the product's demand in both September and October made as of the end of August.

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