Question: With a smoothing constant of = 0 . 4 , the exponential smoothing forecast equation t + 1 = Yt + ( 1 ) t
With a smoothing constant of the exponential smoothing forecast equation
t Yt t
shows that the forecast for week of the gasoline sales data from the table is given by
Y
However, the forecast for week is given by
Y
Thus, we could combine these two results to show that the forecast for week can be written
YYYY
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