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Given the following data, use exponential smoothing (? = .2) to develop a demand forecast for period 3. Assume the forecast for the initial period is 5. What is the forecast?
Globalization
The process of interaction and integration among people, companies, and governments worldwide, leading to increased interconnectedness and interdependence.
Operations Strategy
A long-term plan for the design and management of operations functions within an organization, aligning operations with overall business strategy.
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