The forecast value for September was 21.1 and the actual value turned out to be 18.Using exponential smoothing with $\alpha$ = 0.30, the forecast value for October would be ______.
A)18.09
B)18.93
C)20.17
D)21.00
E)17.07

Question

Quizplus · Accepted Answer

Exponential smoothing forecast for October = September forecast + α * (September actual - September forecast) = 21.1 + 0.30 * (18 - 21.1) = 20.17.

The Forecast Value for September Was 21 α\alphaα = 030, the Forecast Value for October Would Be ______

The Forecast Value for September Was 21 $\alpha$ = 030, the Forecast Value for October Would Be ______