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A sales analyst for an apparel retailer is applying simple exponential smoothing method with smoothing constant alpha=0.46 to forecast weekly sales for an item. We
A sales analyst for an apparel retailer is applying simple exponential smoothing method with smoothing constant alpha=0.46 to forecast weekly sales for an item. We are currently at the end of week 3. The observed sales for week 3 was 150. The forecast for week 3 was 153. What should be the forecast for Week 4 using simple exponential smoothing method with the above given alpha
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