Using simple exponential smoothing model


Assignment:

The number of tons of brake assemblies received at an auto parts distribution center last month was 670. The forecast tonnage was 720. The company uses a simple exponential smoothing model with a smoothing constant of 0.6 to develop its forecasts. What will be the company’s forecast for the next month?

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Basic Statistics: Using simple exponential smoothing model
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