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Actual sales for January through April are shown below. Observation Month Actual Sales ( A ) Forecasted Sales ( F ) 1 January 1 8

Actual sales for January through April are shown below.
Observation
Month
Actual Sales (A)
Forecasted Sales (F)
1
January
18
2
February 23
3
March 20
4
April
16
5
May
Use exponential smoothing with an alpha factor =0.2 to calculate the forecast for April from the above data. Assume the forecast for the initial period (January) is 18.

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