As a consultant you have been asked to generate a unit demand forecast for a product for Year 2009 using exponential smoothing.Actual demand in year 2008 was 950 but the forecast for that year 1,060.Using this data and a smoothing constant alpha of 0.5,which of the following is the resulting year 2009 forecast value?

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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.Actual demand in year 2008 was 950 but the forecast for that year 1,060.Using this data and a smoothing constant alpha of 0.5,which of the following is the resulting year 2009 forecast value?

As a Consultant You Have Been Asked to Generate a Unit