Exponential smoothing adds a percentage (called alpha) of last period's forecast to estimate next period's demand.

Name: Exponential smoothing adds a percentage (called alpha) of last period's forecast to estimate next period's demand.
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Exponential smoothing adds a percentage (called alpha) of last period's error (the difference between actual demand and forecast) to the last period's forecast to estimate the next period's demand.

Exponential Smoothing Adds a Percentage (Called Alpha) of Last Period's