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Below are the first two values of a time series and the first two values of the exponential smoothing forecast. Time Period ( t )

"Below are the first two values of a time series and the first two values of the exponential smoothing forecast.
Time Period (t) Time Series Value (Y t) Exponential Smoothing
Forecast (F t)
11818
22218
If the smoothing constant equals .3, then the exponential smoothing forecast for time period 3 is _____.
a.20
b.18
c.40
d.19.2
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