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Given the following information, calculate the forecast (round to nearest whole number) for period four using exponential smoothing anda = 0.3. Use a tracking signal

Given the following information, calculate the forecast (round to nearest whole number) for period four using exponential smoothing anda = 0.3. Use a tracking signal to determine if there is a bias problem with the forecasting method. (Assume the control limit for the tracking signal is 3.

Period

Demand

Forecast

1

1620

1590

2

1680

3

1720

4

1770

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