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Actual demands for the last four months are as follows.
Month: March, April, May, June
Demand: 6, 8, 10, 8
What are the forecast values for March, April, May, June and July based on exponential smoothing method with Alpha = 0.2? Assume the actual value and forecast value for March are the same. Please show work.
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The manager of a small health clinic would like to use exponential smoothing to forecast demand for laboratory services in the facility. However, she is not sure whether to use a high or low value of. To make her decision, she would like to compare t..
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