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Write down the forecast for period 3

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Demand in period 1 was 28 units and the demand in period 2 was 20 units. Assume that the forecast for period 1 was for 26 units. If the firm uses exponential smoothing with an alpha value of 0.4, write down the forecast for period 3. Give your answer to two decimal places.

Reference no: EM132827041

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