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Forecast march demand using exponential smoothing model

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Reference no: EM132698840

In January, a car dealer predicted February demand for 150 Honda Accord. Actual February demand was 163.

a) Using a smoothing constant of a=.20, forecast March demand using the exponential smoothing model.

b) Determine the new forecast if the smoothing constant is changed to a=.30.

Reference no: EM132698840

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