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Given an actual demand this period of 143, a forecast value for this period of 119, and an alpha of .6, what is the exponential smoothing forecast for next period? O 123.8 O 118.2 O 122.2 119.8 117.4

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Given an actual demand this period of 143, a forecast value for this period of 119,
and an alpha of .6, what is the exponential smoothing forecast for next period?
123.8
118.2
O 122.2
119.8
O 117.4

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