Based on the information in the following table, use the Exponential Smoothing Approach (a 0.3) to forecast the demand for periods 4-11 %3D

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 69E
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Based on the information in the following table, use the Exponential Smoothing
Approach (a = 0.3) to forecast the demand for periods 4-11
PERIOD
MONTH
Demand
Forecast
1
Jan
149
Feb
89
149
Mar
75
131
Apr
138
May
179
6.
Jun
72
Jul
61
8.
Aug
163
Sep
74
10
Oct
106
11
Nov
Transcribed Image Text:Based on the information in the following table, use the Exponential Smoothing Approach (a = 0.3) to forecast the demand for periods 4-11 PERIOD MONTH Demand Forecast 1 Jan 149 Feb 89 149 Mar 75 131 Apr 138 May 179 6. Jun 72 Jul 61 8. Aug 163 Sep 74 10 Oct 106 11 Nov
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