For the current period,given an actual demand of 105,a forecasted value of 97,and an alpha of 0.4,the simple exponential smoothing forecast for the next period would be
A)80.8.
B)93.8.
C)100.2.
D)108.2.

Question

Quizplus · Accepted Answer

The simple exponential smoothing forecast for the next period is calculated using the formula: Forecast_new = Forecast_old + α(Actual_old - Forecast_old), where α is the smoothing constant (alpha). Plugging in the values: 97 + 0.4(105 - 97) = 97 + 3.2 = 100.2.

For the Current Period,given an Actual Demand of 105,a Forecasted