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Alpha = 0 . 3 Actual demand in year 2 0 1 7 = 7 5 0 Forecast demand in year 2 0 1 7
Alpha
Actual demand in year
Forecast demand in year
The formula for exponential smoothing is:
Forecast for period t Alpha Actual demand in period t Alpha Forecast in period t
Substituting the values:
Forecast for
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