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Problem 1
Sales data for Doomed International Co. are as follows:
Year
Annual Sales
(millions)
1
98.0
2
85.1
3
77.9
4
74.2
5
59.3
6
46.7
Problem 2
Historical demand for a product is as follows:
DEMAND
April
60
May
55
June
75
July
August
89
September
76
Using single exponential smoothing with a=0.2 and July forecast = 80, calculate a forecast for October.
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