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A mature product is forecasted using simple exponential smoothing. The current time is week 42, and the exponentially smoothed average is S42 = 66.8 cartons
A mature product is forecasted using simple exponential smoothing. The current time is week 42, and the exponentially smoothed average is S42 = 66.8 cartons of product ordered per week. Demand in week 43 turns out to be 70 cartons. Using (alpha = 0.2), update the smoothed average and forecast for weeks 44 and 45.
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