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As a consultant you have been asked to generate a unit demand forecast for a product for Year 2014 using exponential smoothing. Actual demand in year 2013 was 950 but the forecast for that year 1,060. Using this data and a smoothing constant alpha of 0.5, what is the resulting year 2014 forecast value?

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Project Management, Management Studies

Category:- Project Management
Reference No.:- M9356708

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