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Exponential smoothing is used to forecast automobile battery sales. A value of the smoothing constant α is examined, where α > 0.6. Evaluate the accuracy of each smoothing constant: Which is preferable? (Assume the forecast for January was 22 batteries. Actual sales are given below:Month Actual Forecast Battery SalesJanuaryFebruary 21MarchAprilMay
Exponential smoothing is used to forecast automobile battery sales. …
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