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Assume that your company's last net cash flow equaled $ 6 0 , 0 0 0 and the last forecast for net cash flow was

Assume that your company's last net cash flow equaled $60,000 and the last forecast for net cash flow was $75,000.Given an alpha of 0.78 forecast the next cash flow using the exponential smoothing approach. If your forecast for next month's cash flows is 80,000; the last forecasted cash flow was $75,000 and the last cash flow was $60,000, find alpha.

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