Multiple Choice
A company wants to generate a forecast for unit demand for year 2020 using exponential smoothing. The actual demand in year 2019 was 120. The forecast demand in year 2019 was 110. Using these data and a smoothing constant alpha of 0.1, which of the following is the resulting year 2020 forecast value?
A) 100
B) 110
C) 111
D) 114
E) 120
Correct Answer:
Verified
Correct Answer:
Verified
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