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Sales of Volkswagens popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table bel

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Answer #1

FORECAST = F(T-1) + (ALPHA * (A(T-1) - F(T-1)), A = ACTUAL DEMAND, F = FORECAST, (T-1) = PREVIOUS PERIOD

FORECAST 2 = 410 + (0.6 * (450 - 410) = 434
FORECAST 3 = 434 + (0.6 * (495 - 434) = 470.6
FORECAST 4 = 470.6 + (0.6 * (518 - 470.6) = 499.04
FORECAST 5 = 499.04 + (0.6 * (563 - 499.04) = 537.42
FORECAST 6 = 537.42 + (0.6 * (580 - 537.42) = 562.97

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