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Develop a forecast for period 5

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Reference no: EM132974507

A company keeps track of unit sales and notes a strong trend during the past eight periods. They use the exponential smoothing model with trend forecasting model with alpha equal to 0.2 and a beta equal to 0.3. Using the demand data and previous forecasts shown in the table, develop a forecast for period 5.

Period Demand F T FIT
1 68 61.3 6 67.3

Reference no: EM132974507

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