i cant tell you that it is from a test
Answer:
62.5
Step-by-step explanation:
Data provided in the question:
Actual demand = 59
Previous forecast = 64
Alpha = 0.3
Now,
The forecast for the next period be using simple exponential smoothing will be given as
= [ Alpha × Actual demand ] + [ (1 - Alpha) × Previous forecast ]
= 0.3 × 59 + [ ( 1 - 0.3 ) × 64 ]
= 17.7 + 44.8
= 62.5
