šŸ“¢ Too many exams? Donā€™t know which one suits you best? Book Your Free Expert šŸ‘‰ call Now!

    Question

    The last periodā€™s forecast was 70 and demand

    was 60. What is the simple exponential smoothing forecast with alpha of 0.4 for the next period?
    A 63.8 Correct Answer Incorrect Answer
    B 65 Correct Answer Incorrect Answer
    C 62 Correct Answer Incorrect Answer
    D 66 Correct Answer Incorrect Answer
    E 69 Correct Answer Incorrect Answer

    Solution

    S(t-1 )= 70

    X(t) = 60

    Alpha = 0.4

    s t Ā = Ī±x t +(1 ā€“ Ī±)s t-1 = s t-1 + Ī±(x tĀ  ā€“ s t-1 )

    Substituting the values we get,

    0.4*60 + 0.6*70= 24 + 42= 66

    Practice Next
    More Research Questions
    ask-question