Question
Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonald's restaurant: Day Actual Demand Forecast Demand Monday Tuesday Wednesday
Consider the following actual and forecast demand levels for Big Mac hamburgers at a local McDonald's restaurant: Day Actual Demand Forecast Demand Monday Tuesday Wednesday Thursday Friday ? Part 2 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 . 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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