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Exponential smoothing to forecast number of incoming checks

Problem: A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 44 million. A smoothing constant of .2 is used.

What is the forecast for July?

____________ million checks

If the center received 45 million checks in July, what would be the forecast for August?

____________ million checks

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Other Management: Exponential smoothing to forecast number of incoming checks

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