You have been assigned to forecast the number of aircraft engines ordered each month by Commins…

You have been assigned to forecast the number of aircraft engines ordered each month by Commins Engine Company. At the end of February, the forecast is that 100 engines will be ordered during April. During March, 120 engines are ordered. Using α = 0.3, determine a forecast (at the end of March) for the number of orders placed during April. Answer the same question for May. Use simple exponential smoothing.

 

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