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Given an actual demand of 103, a previous forecast value of 99, and an alpha of 0. 4, the exponential smoothing forecast for the next period would be.

Respuesta :

The exponential smoothing forecast for the next period is; 100.6

Exponential smoothing forecast

We are given;

  • Actual demand for the period; Dt = 103
  • Forecast value for the period; F = 99
  • α = 0.4

Formula for the exponential smoothing forecast for the next period is;

Ft + 1 = α*Dt + (1 - α)F

where Ft + 1 is the exponential smoothing forecast for the next period

Plugging in the relevant values gives;

Ft + 1 = (0.4 * 103) + (1 - 0.4)99

Ft + 1 = 41.2 + 59.4

Ft + 1 = 100.6

Read more about exponential smoothing forecast at; https://brainly.com/question/19551705

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