Assume last periods forecast was 36 and the demand was 38
Assume last period’s forecast was 36 and the demand was 38.
a. What was the forecast error?
b. What would be the forecast for the next period using an exponential smoothing model with alpha = 0.7?
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assume last periodrsquos forecast was 36 and the demand was 38a what was the forecast errorb what would be the forecast
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