Determine the smoothed forecast for august


The following data summarizes the historical demand for a product:

Month Actual Demand
March 20
April 25
May 40
June 35
July 30
August 45

Use exponential smoothing with alpha = .2 and the smoothed forecast for July is 32. Determine the smoothed forecast for August.

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Basic Statistics: Determine the smoothed forecast for august
Reference No:- TGS0732885

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