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Master Planning of Resources - page 31 / 44

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Exponential Smoothing

Provides a routine method of updating item forecasts

Alpha is a weighting factor applied to the demand element

Works well for items with fairly constant demand

Is satisfactory for short-range forecasts

Lags trends

2-31

New Forecast = x Actual Demand + (1 - ) x Old Forecast

New Forecast = Old Forecast + x (Actual Demand – Old Forecast)

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