Multiple Choice
company wants to generate a forecast for unit demand for year 2017 using exponential smoothing.The actual demand in year 2016 was 120.The forecast demand in year 2016 was 110.Using this data and a smoothing constant alpha of 0.1,which of the following is the resulting year 2017 forecast value?
A) 100
B) 110
C) 111
D) 114
E) 120
Correct Answer:
Verified
Correct Answer:
Verified
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