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A company has had actual unit demand for four consecutive years of 1 2 4 , 1 1 7 , 1 1 8 , and

A company has had actual unit demand for four consecutive years of

124, 117, 118,

and

134 .

The respective forecasts using exponential smoothing were

125

for each of those four years. What value of alpha, the smoothing constant, was the firm using?

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