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company is using exponential smoothing with trend to forecast the demand for a certain product. The smoothing constants are alpha = 0 . 2
company is using exponential smoothing with trend to forecast the demand for a certain product. The smoothing constants are alpha and beta MAD is updated with exponential smoothing with alpha At the end of month the mean and trend were and respectively, and MAD was The demand in month is Update forecast and MAD and estimate mean and standard deviation for the total demand during the three months
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