As a Consultant, You Have Been Asked to Generate a Unit

question 62

Short Answer

As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 using exponential smoothing.Actual demand in year 2013 was 950, but the forecast for that year was 1,060.Using these data and a smoothing constant alpha of 0.5, what is the resulting year 2014 forecast value? ________________________________________

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