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, , Marie Bain is the production manager at a company that manufactures hot water heaters. Marie needs a demand forecast for the next few
Marie Bain is the production manager at a company that manufactures hot water heaters.
Marie needs a demand forecast for the next few years to help decide whether to add new
production capacity. The company's sales history in thousands of units is shown in the
table below. Use exponential smoothing with trend adjustment to forecast demand for
period The initial forecast for period was units; the initial estimate of trend was
The smoothing constants are and
Period Actual
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