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Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonald's restaurant: The forecast for Monday was derived by observing
Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonald's restaurant: The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast level equal to this demand level. Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25 . Using this exponential smoothing method, the forecast for Big Mac demand for Friday is Big Macs (round your response to one decimal place)
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