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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
January
February
March
April
May
Use exponential smoothing with an alpha factor to calculate the forecast for April from the above data. Assume the forecast for the initial period January is
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