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What is the forecast for the fifth month

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Reference no: EM133006086

Problem 1: Exotic Wines, Inc. wants to use exponential smoothing with α = 0.5 to forecast demand in bottles sold. The demand the last four months are 2,821, 3,497, 2,945, and 4,712 bottles. The forecast for bottles was 2,821 bottles for the second month. What is the forecast for the fifth month?

Reference no: EM133006086

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