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For a product, the forecast and the actual sales for December 2002 were 25 and 20 respectively.
If the exponential smoothing constant (a) is taken as 0.2, the forecast sales for January 2003 would be
[2004]
  • a)
    21
  • b)
    23
  • c)
    24
  • d)
    27
     
Correct answer is option 'C'. Can you explain this answer?
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For a product, the forecast and the actual sales for December 2002 were 25 and 20 respectively.If the exponential smoothing constant (a) is taken as 0.2, the forecast sales for January 2003 would be[2004]a)21b)23c)24d)27Correct answer is option 'C'. Can you explain this answer?
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