Company Wants to Generate a Forecast for Unit Demand for Year

question 31

Multiple Choice

company wants to generate a forecast for unit demand for year 2017 using exponential smoothing.The actual demand in year 2016 was 120.The forecast demand in year 2016 was 110.Using this data and a smoothing constant alpha of 0.1,which of the following is the resulting year 2017 forecast value?

• A)100
• B)110
• C)111
• D)114
• E)120

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