The old forecast was for 200 units and last month's sales were 225 units. If $\alpha$(alpha) is 0.2 what is the forecast for next month?

Name: The old forecast was for 200 units and last month's sales were 225 units. If $\alpha$(alpha) is 0.2 what is the forecast for next month?
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Question

Quizplus · Accepted Answer

The forecast for next month is calculated using the formula: New Forecast = Old Forecast + α(Last Month's Sales - Old Forecast). Plugging in the values: 200 + 0.2(225 - 200) = 200 + 5 = 205.

The Old Forecast Was for 200 Units and Last Month's α\alphaα

The Old Forecast Was for 200 Units and Last Month's $\alpha$