Compute an exponential smoothing forecast for november


John's Office Supply Company has the following order history over the last 7 months.
April 65
May 180
June 30
July 90
August 120
September 190
October 70

Compute an exponential smoothing forecast for November, with a smoothing constant of α = .25. To start the procedure, assume that the forecast for April was 100. Round each forecast to two decimal places.

 

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Operation Management: Compute an exponential smoothing forecast for november
Reference No:- TGS087664

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