Given an actual demand this period of 61, a forecast value for this period of 58, and an alpha of 0.3, what is the experimential smoothing forecast for the next period?
1 answer:
Answer:
Experimental smoothing forecast for the next period will be 58.9
Step-by-step explanation:
We have given actual demand is
Initial forecast and
We have to find the experimental smoothing forecast
Experimental forecast is given by
So experimental smoothing forecast for the next period will be 58.9
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