Compute the exponential smoothing forecast

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Reference no: EM133642785

Question

You are given the following monthly demand data for copies of a bestselling book at Barnes and Noble. Period Demand 1 3,026 2 3,713 3 4,772 4 4,411 Compute the exponential smoothing forecast for Period 5 with = 0.6. Initiate the forecast by using the naive forecast for Period 2. Rounding instructions Carry calculations to three decimal places.

Reference no: EM133642785

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