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KSAC building contracts for a 12-month period (in $millions) are 240, 350, 230, 260, 280, 320, 220, 310, 240, 310, 240, and 230. a. Compare
KSAC building contracts for a 12-month period (in $millions) are 240, 350, 230, 260, 280, 320, 220, 310, 240, 310, 240, and 230.
a. Compare a 4-month moving average forecast with an exponential smoothing forecast using = 0.3. Which provides the better forecasts?
b. What is the forecast for the next month?
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