Given an actual demand this period of 61,a forecast for this period of 58,and an alpha of 0.3,what would the forecast for the next period be using exponential smoothing?
A)45.5
B)57.1
C)58.9
D)61.0
E)65.5

Question

Quizplus · Accepted Answer

The formula for exponential smoothing is: Forecast_next = Forecast_current + alpha * (Actual_demand - Forecast_current). Substituting the given values: 58 + 0.3 * (61 - 58) = 58 + 0.9 = 58.9.

Given an Actual Demand This Period of 61,a Forecast for This