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you notice your forecasts for the past serval periods have been incorrect. you want to correct the forecast for future calculations. using single exponential smoothing
you notice your forecasts for the past serval periods have been incorrect. you want to correct the forecast for future calculations. using single exponential smoothing with a smoothing constant of 0.3, you decide to go back to january (your recalculation starting point). you have the following historical data:
January: Actual was 50 and Forecast was 60
February: Actual was 60 and Forecast was 70
March: Actual was 75 and Forecast was 80
what would the revised forecast be for april using single exponential smoothing?
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