Multiple Choice
As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 using exponential smoothing.The actual demand in year 2013 was 750.The forecast demand in year 2013 was 960.Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2014 forecast value?
A) 766
B) 813
C) 897
D) 1,023
E) 1,120
Correct Answer:
Verified
Correct Answer:
Verified
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