Sales at Electronics Inc. for the period January to June was listed below Februa 68 April 71.7 ay June 71.3 70 64.8 Sales (in $ thousand) .5 72.8 Using Exponential Smoothing with Trend Adjustment, forecast the Electronics Inc’s July sales. Assume that the initial forecast average for January is $65,000 and the initial trend adjustment is0. Given a = .1 and β = .2.
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Expert Answer
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