Use simple exponential smoothing with alpha = .4 and determine the forecasted demand for August and September. Assume that the smoothed forecast for July is 38
Recent past demand for product ZXT is given in the following table.
Month Actual Demand
February 20
March 22
April 33
May 35
June 31
July 48
August 41
Answer: FAugust = 42, FSeptember = 41.6
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