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. Actual demand for the last four months are as follows. month January February March April demand 5 7 6 9 What is the forecast value (model generated value) for March, using exponential smoothing with Alpha = 0.1? Assume Fjanuary=Ajanuary
Expert Answer
Answer
Formula
F= a*Dp + (1-a)*Fp
where Fp = previous forecast
Dp = previous demand
a = alpha
