As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 2017 using exponential smoothing.The actual demand in year 2013 2016 was 750.The forecast demand in year 2013 2016 was 960.Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2014 2017 forecast value?
A)766
B)813
C)897
D)1,023
E)1,120

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The Answer of As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 2017 using exponential smoothing.The actual demand in year 2013 2016 was 750.The forecast demand in year 2013 2016 was 960.Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2014 2017 forecast value?
A)766
B)813
C)897
D)1,023
E)1,120

As a Consultant, You Have Been Asked to Generate a Unit