Question: Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast, and specify what procedure
Your manager is trying to determine what forecasting method to use. Based on the following historical data, calculate the following forecast, and specify what procedure you would use.
tableMonthActual Demand
Calculate the simple exponential smoothing forecast for periods using an initial forecast of and an alpha of Place answers in the table. Round all calculations to decimal places pts
tableMonthSimple Exponential Smoothing Forecast
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