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Moving average and exponential smoothing forecasting techniques are used for long-range forecasts. True or false.

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SOLVED: The sales figures of a product for the past six months are given in the table. Using single exponential smoothing with α=0.1, if the forecast for the 1st month had been 200, compute the forecasts for the 5th month:Month Sales1 2002 2503 1754 1865 2256 2857 2028 2019 20310 211

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PPT - Exponential Smoothing Methods PowerPoint Presentation, free download - ID:2990195