Solved: What is the simple exponential smoothing forecast, Basic Statistics

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What is the simple exponential smoothing forecast

Discussion:

Q: Given the following data on hotel check-ins for a 6-month period:

July: 10 rooms
August: 15 rooms
September: 12 rooms
October: 20 rooms
November: 18 rooms
December: 24 rooms

With alpha = 0.2, what is the simple exponential smoothing forecast for October?

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Basic Statistics: What is the simple exponential smoothing forecast

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