Suppose that we produce automobile batteries. If exponential smoothing forecasts with a = 0.5 are used for forecasting,

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Suppose that we produce automobile batteries. If exponential smoothing forecasts with a = 0.5 are used for forecasting,

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Suppose that we produce automobile batteries. If exponentialsmoothing forecasts with a = 0.5 are used for forecasting,determine one-stepahead forecasts for months 2 through 7. Assumethat the forecast made for the first month at the end of month zerowas 30. How the forecasts will change if a = 0.15. What is thedifference between these two forecasts?
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