Question: Using an exponential smoothing model with an alpha value of 0.40, estimate the smoothed value calculated as of the end of year 8. Use the

Using an exponential smoothing model with an alpha value of 0.40, estimate the smoothed value calculated as of the end of year 8. Use the average demand for years 1 through 3 as your initial forecast for year 4, and then smooth the forecast forward to year 8.

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