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An Operation Analyst Is Forecasting This Year's Demand for One

question 42

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An operation analyst is forecasting this year's demand for one of his company's products based on the following historical data:
 Year  # Sald 4 years ago 10,0003 years ago 12,000 2 years ago 18,000 Last year 20,000\begin{array} { | c | c | } \hline \text { Year } & \text { \# Sald } \\\hline 4 \text { years ago } & 10,000 \\\hline 3 \text { years ago } & 12,000 \\\hline \text { 2 years ago } & 18,000 \\\hline \text { Last year } & 20,000 \\\hline\end{array}
What is the forecast for this year using exponential smoothing with ? = 0.2, if the forecast for last year was 15,000?

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