As a consultant you have been asked to generate a unit demand forecast for a product for year 2009 using exponential smoothing.The actual demand in year 2008 was 750.The forecast demand in year 2008 was 960.Using this data and a smoothing constant alpha of 0.3,which of the following is the resulting year 2009 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 2009 using exponential smoothing.The actual demand in year 2008 was 750.The forecast demand in year 2008 was 960.Using this data and a smoothing constant alpha of 0.3,which of the following is the resulting year 2009 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