7. The past two years sales at ACSR Inc. were 2 million and 4 million. Their forecast...

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7. The past two years sales at ACSR Inc. were 2 million and 4 million. Their forecast team used a two-period moving average to forecast its sales this year. But the actual sales for this year were 4 million. Now, the forecast team wants to forecast its sales for next year by using exponential smoothing with alpha equals 0.7. What is the forecast?

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