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Q2: Following are the details of sales force personnel of a company. Assume alpha as 40% and beta as 30% and assume weights as 0.4

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Q2: Following are the details of sales force personnel of a company. Assume alpha as 40% and beta as 30% and assume weights as 0.4 and 0.6. Year 2016 2017 2018 2019 2020 Sales force personnel (No. of people) (Y) 100 120 150 180 190 (a) Compute 2-point simple moving average (4 (6) Compute 2-point weighted moving average.( (e) Compute exponential smoothing forecasts. (d) Compute adjusted exponential smoothing forecasts, (6) "Giving greater weight to more recent observations while forecasting will increase the accuracy of the forecast" Critically discuss the statement based on the answers obtained for (a) weighted moving average and (b) both the exponential smoothing forecasts as examples

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