Question

As a consultant you have been asked to generate a unit demand forecast for a product for year 2009 using exponential smoothing. The actual demand in year 2008 was 750. The forecast demand in year 2008 was 960. Using this data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2009 forecast value?
A. 766
B. 813
C. 897
D. 1,023
E. 1,120

Answer

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