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A demand forecast for water heaters for the next few years is needed to help decide whether to add new production capacity. The company's sales
A demand forecast for water heaters for the next few years is needed to help decide whether to add new production capacity. The company's sales history in thousands of units is shown in the table below. Use exponential smoothing with trend adjustment, to forecast demand for period The initial forecast for period was units; the initial estimate of trend was The smoothing constants are and
Period
Actual
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