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Sales for the past two years at Hydrometer Mfg. were: The forecaster used a two-period moving average to forecast its sales this year. The actual

image text in transcribed Sales for the past two years at Hydrometer Mfg. were: The forecaster used a two-period moving average to forecast its sales this year. The actual sales for this year were $4 million. The forecaster wants to forecast Hydrometer's sales for next year by using exponential smoothing using an alpha of 0.7 . What is the forecast

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