Furniture Firm Has Decided to Use Exponential Smoothing to Forecast

Multiple Choice

Furniture firm has decided to use exponential smoothing to forecast the next period's sales. If the forecasted sales for this period were 7,000, the actual sales of this period were 6,000 and the optimal weight was estimated to be 0.5, what are the projected sales of the next period?

A) 6,500
B) 7,500
C) 13,500
D) 14,000