Using this data and a smoothing constant alpha of 0.3 which, Ask an Expert

Management Studies

As a consultant you have been asked to generate a unit demand forecast for a product for year 2012 using exponential smoothing. The actual demand in year 2011 was 750. The forecast demand in year 2011 was 960. Using this data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2012 forecast value?

A) 1,023
B) 813
C) 897
D) 766

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M981021

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