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After plotting the following demand data, a manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. REQUIRED: Use periods
After plotting the following demand data, a manager has concluded that a trend-adjusted exponential smoothing model is appropriate to predict future demand. REQUIRED: Use periods 1 to 4 to estimate the initial smoothed trend and the actual value for period 4 to estimate the initial smoothed series. Use alpha =0.4 and beta =0.2 to develop forecasts for periods 5 through 7
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