Question: Using the exponential smoothing forecasting techniques determine next three months (12 weeks) demand for a random product, assuming the product sold 5000 units, 6000 units
Using the exponential smoothing forecasting techniques determine next three months (12 weeks) demand for a random product, assuming the product sold 5000 units, 6000 units and 7000 units respectively in the previous three months. Use a base value smoothing constant () of 0.3 and the forecasting model ESFt-1 + (actual demandt - ESFt-1). Please type answer!
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