Compute the exponential smoothing forecast

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The historical sales for a certain model of a single serve coffee maker at a specialty cookware store in units is: January, 26; February, 21; March, 20; April, 23; May, 17; and June, 26. Using a two-month moving average, what is the forecast for July? If July experienced a demand of 15, what is the forecast for August? Use single exponential soothing with a = 0.2, and compute the exponential smoothing forecast for February through June.

Reference no: EM132267816

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