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Q 1 . Explain the role of forecasting in a supply chain. Q 2 . Green Water Park uses exponential smoothing to forecast monthly visits

1 .

Explain the role of forecasting in a supply chain.

2 .

Green Water Park uses exponential smoothing to forecast monthly visits of customers. Its

forecast for June was

1

million, but the actual number of customers turned out to be

2

million. The forecaster decided to use an alpha of

0.8 .

What is the forecast for July? Show your

work.

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