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Forecasted value using exponential smoothing method.

Utilize simple exponential smoothing with α = 0.3 to forecast battery sales for February through May. Suppose that the forecast for January was for 22 batteries.

Month

Automobile Battery Sales

January

42

February

33

March

28

April

59

 

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920711

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