Determine smoothed forecasts

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Reference no: EM1378356

The following information summarizes the historical demand for a product

Month Actual demand
March 20
April 25
May 40
June 35
July 30
August 45

Apply exponential smoothing with x=.2 and the smoothed forecast for July is 32 and estimate August and September's smoothed forecasts.

Reference no: EM1378356

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