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A company keeps track of unit sales and notes a strong trend during the past eight periods. They use the exponential smoothing model with

 

A company keeps track of unit sales and notes a strong trend during the past eight periods. They use the exponential smoothing model with trend forecasting model with alpha equal to 0.2 and a beta equal to 0.3. Using the demand data and previous forecasts shown in the table, develop a forecast for period 5. Period 1 Demand 68 F 61.3 T 6 FIT 67.3

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