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Answer :
Final Answer:
The exponential smoothing forecast for the next period is 100.6 (option a).
Explanation:
Exponential smoothing is a forecasting method that weighs recent data more heavily in making predictions. In this case:
Actual Demand this period (Dt) = 103
Forecast value for this period (Ft) = 99
Smoothing parameter (alpha) = 0.4
To calculate the exponential smoothing forecast for the next period (Ft+1), you use the formula:
Ft+1 = alpha * Dt + (1 - alpha) * Ft
Substituting the values:
Ft+1 = 0.4 * 103 + (1 - 0.4) * 99
Ft+1 = 41.2 + 59.4
Ft+1 = 100.6
So, the exponential smoothing forecast for the next period is 100.6. This means that for the next period, we anticipate a demand of approximately 100.6 units based on the given data.
Learn more about Exponential smoothing
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