Compute the exponential smoothing forecast

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A historical demand (observation) of paper sales in cases is: January, 45; February, 40; March, 35; April, 50; and May, 55.

Suppose that the forecast (not observation) for January was 65. Using single exponential smoothing with an alpha = 0.25, compute the exponential smoothing forecast for February through June.

Show all your work. (Hint: show your work using at least one decimal point)

Reference no: EM13904136

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