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Answer :
Final answer:
The exponential smoothing forecast for the next period, calculated using the provided actual demand, forecast value and alpha, is 100.6.
Explanation:
The exponential smoothing forecast formula is given by F(t+1) = αA(t) + (1-α)F(t), where α is the smoothing constant (alpha), A(t) is the actual demand this period, and F(t) is the forecast value this period. In this case, α is 0.4, A(t) is 103, and F(t) is 99.
By substituting these values into the formula, we get F(t+1) = 0.4*103 + (1-0.4)*99 = 41.2 + 59.4 = 100.6.
So, the exponential smoothing forecast for the next period would be 100.6.
Learn more about Exponential Smoothing here:
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