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As a Consultant You Have Been Asked to Generate a Unit

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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?


Definitions:

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Continuous positive airway pressure

A treatment that uses mild air pressure to keep the airways open, commonly used for patients with breathing problems, such as sleep apnea.

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The act of giving medications that act on the central nervous system to produce sedation, induce sleep, relieve anxiety and muscle spasms.

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A condition where natural circadian rhythms and sleep patterns are disturbed, leading to issues such as insomnia or excessive daytime sleepiness.

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