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Use the data given below to answer the following question(s) .
The table below shows the sales of a gaming console for the first 6 months of the year 2011.
The forecaster uses the weighted average model to determine the forecasts.He assumes a 40% weight for the most recent reading,30% weight for the second most recent reading,20% for the third most recent reading,and 10% for the fourth most recent reading.
-In the simple exponential smoothing model Ft + 1 = (1 - α) Ft + αAt,the exponential smoothing constant is ________.
International Trade
The exchange of goods, services, and capital across international borders or territories.
Monetary System
The set of mechanisms and institutions that provide a country with its currency and manage its supply and value.
Trade Deficit
The economic condition that occurs when a country imports more goods and services than it exports.
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