Compute forecast for month using exponential smoothing


Actual Demand in units for past 10 months is:

Month: 1 2 3 4 5 6 7 8 9 10
Demand: 120 110 115 120 115 120 125 130 125 120

Compute the forecast for 11th month using Exponential Smoothing Method in case the smoothing component, α=0.20.

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Operation Management: Compute forecast for month using exponential smoothing
Reference No:- TGS090559

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