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Actual Sales for January Through April Are Shown Below

Question 14

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Actual sales for January through April are shown below. Actual sales for January through April are shown below. ​ Use exponential smoothing with α = .2 to calculate smoothed averages and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts along with the answer. ​
Use exponential smoothing with α = .2 to calculate smoothed averages and forecast sales for May from the above data. Assume the forecast for the initial period (January) is 18. Show all the forecasts along with the answer.

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