Question: What is the forecast for this year using exponential smoothing with trend if = 0.5 and = 0.3? Assume the forecast for last year was
What is the forecast for this year using exponential smoothing with trend if = 0.5 and = 0.3? Assume the forecast for last year was 21,000 and the forecast for two years ago was 19,000, and that the trend estimate for last years forecast was 1,500.
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