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Unformatted text preview: 3. Develop a forecast for the next period, given the data below, using a 3-period moving average. 4. A manager is using exponential smoothing to predict merchandise returns at a suburban branch of a department store chain. Given a previous forecast of 140 items, an actual number of returns of 148 items, and a smoothing constant equal to .15, what is the forecast for the next period? 5. Given the following historical data and weights of .5, .3, and .2, what is the three-period moving average forecast for period 5?...
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- Spring '10
- Forecasting, Time series analysis, linear trend equation