Consider the following data. 
Calculate S3 using simple exponential smoothing if S1 = 18.6 and α = 0.2.
Definitions:
Chase Strategy
A planning strategy that sets production equal to forecasted demand.
Planning Horizons
The time period over which forecasts or plans are made, guiding strategic and operational decisions in an organization.
Demand Options
Various strategies a company can use to manage or influence customer demand for its products or services.
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