Multiple Choice
Assume that the forecast for the last period is FITt = 200 units,and recent experience suggests a likely sales increase of 10 units each period.Actual sales for the last period reached 230 units.Assume a smoothing coefficient of α = 0.20 and a trend smoothing coefficient of β = 0.10.Demand in period t + 1 turned out to be 220.What is the adjusted forecast for period t + 2? (Choose the closest answer.)
A) 227.3
B) 215.9
C) 217.3
D) 221.3
Correct Answer:
Verified
Correct Answer:
Verified
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