Assume the following time series data time actual 1 15 2 17, Ask an Expert

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Assume the following time series data: Time Actual 1 15 2 17 3 16 4 18 5 22 6 21 If simple exponential smoothing was applied to forecast period 7, how much weight does this forecasting technique assign to actual observation 6, assuming alpha=0.60?

Select one: a. 0.75 b. 1 c. 0 d. 0.70 e. 0.60

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Operation Management, Management Studies

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