Given the following information,the forecast for period two using exponential smoothing and $\alpha$ = 0.3 is 61.5.
$\begin{array}{ccc}
\text { Period } & \text { Demand } & \text { Forecast } \
\hline 1 & 64 & 59 \
2 & 70 &
\end{array}$

Question

Given the following information,the forecast for period two using exponential smoothing and $\alpha$ = 0.3 is 61.5. 
$\begin{array}{ccc}
\text { Period } & \text { Demand } & \text { Forecast } \
\hline 1 & 64 & 59 \
2 & 70 &
\end{array}$

Quizplus · Accepted Answer

The forecast for period two using exponential smoothing with $ \alpha = 0.3 $ is calculated as $ F_2 = F_1 + \alpha(D_1 - F_1) = 59 + 0.3(64 - 59) = 59 + 1.5 = 60.5 $, not 61.5.

Given the Following Information,the Forecast for Period Two Using Exponential α\alphaα

Given the Following Information,the Forecast for Period Two Using Exponential $\alpha$