Given an actual demand this period of 103,a forecast value for this period of 99,and an alpha of .4,what is the exponential smoothing forecast for next period?
A)94.6
B)97.4
C)100.6
D)101.6
E)103.0

Question

Quizplus · Accepted Answer

The exponential smoothing forecast for the next period is calculated using the formula: Forecast_next = Forecast_current + alpha * (Actual_demand - Forecast_current). Substituting the given values: 99 + 0.4 * (103 - 99) = 100.6.

Given an Actual Demand This Period of 103,a Forecast Value