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Here is the historical demand for a product

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Here is the historical demand for a product:

                 Annual

    Year         Demand

    2012           900

    2013           700

    2014           600

    2015           500

    2016           300  

Employ exponential smoothing to calculate the forecast for annual demand in 2017. The annual demand forecast for 2015 was 750. Use 0.4 for the value of alpha.

Reference no: EM131669411

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