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21-01-2021
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Given a prior forecast demand value of 230, a related actual demand value of 250, and a smoothing constant alpha of 0.1, what is the exponential smoothing forecast value for the following period

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abiolataiwo2015 abiolataiwo2015

22-01-2021

Answer:

232

Explanation:

Calculation for what is the exponential smoothing forecast value for the following period

Exponential smoothing forecast value=230 + 0.1 * (250-230)

Exponential smoothing forecast value=230 + 0.1*20

Exponential smoothing forecast value = 232

Therefore the exponential smoothing forecast value for the following period will be 232

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