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Answer :
Final answer:
The forecast for the next period using exponential smoothing is 96.
Explanation:
The forecast for the next period using exponential smoothing can be calculated using the formula:
Forecast for next period = Actual demand + a * (Forecast - Actual demand)
Given that the actual demand is 100, the forecast is 95, and the value of a is 0.8, we can plug these values into the formula:
Forecast for next period = 100 + 0.8 * (95 - 100) = 100 + 0.8 * (-5) = 100 + (-4) = 96
Therefore, the forecast for the next period using exponential smoothing is 96.
Learn more about Exponential smoothing here:
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