Compute the exponential shooting forecast

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The historical demand for the Panasonic Model 304 Pencil Sharpener is: January, 60; February, 80; March, 75; April, 95; and May, 90 units. Using a two-month moving average, what is the forecast for June? If June experienced a demand of 100 what is the forecast for July?

Suppose that the forecast for January was 70. Using single exponential smoothing a=0.2, compute the exponential shooting forecast for February through June.

Reference no: EM131144418

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