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8 . 7 . Using exponential smoothing, calculate the forecasts for the same months as in problem 8 . 3 c . The old average

8
.
7
.
Using exponential smoothing, calculate the forecasts for the same months as in problem
8
.
3
c
.
The old average for month
3
was
9
6
and
\
alpha
=
0
.
4
.
What is the difference between the two forecasts for month
1
1
?
Month Actual Demand Forecast

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