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Obtain monthly forecasts of the sales of a certain product

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You are using exponential smoothing to obtain monthly forecasts of the sales of a certain product. The forecast for last month was 2,083, and then the actual sales turned out to be 1,973. Obtain the forecast for next month for each of the following values of the smoothing constant: α = 0.1, 0.3, 0.5.

Reference no: EM131104823

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