What was the forecast error what would be the forecast for
Assume last period’s forecast was 44 and the demand was 48.
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? (Round your answer to the nearest whole number.)
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assume last periodrsquos forecast was 44 and the demand was 48a what was the forecast errorb what would be the forecast
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