Determining exponential smoothing

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Reference no: EM13118109

The following table represents weekly sales of a product (in $1,000s).

Week Sales

1 14

2 13

3 17

4 14

Forecast sales for week 5 using exponential smoothing with a smoothing constant of 0.4. Assume the forecast for week 1 is perfect.

Reference no: EM13118109

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