Given an actual demand this period of 103, a forecast value for this period of 99, and an alpha of .4, what is the exponential smoothingforecast for next period?Forecast = [Blank1]94.6103.0100.6O 97.4

As per the exponential smoothing forecast, Next forecast = previous forecast + Alpha (Actual -…

Answered: Given an actual demand this period of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Given an actual demand this period of 103, a forecast value for this period of 99, and an alpha of .4, what is the exponential smoothing forecast for next period? Forecast [Blank1] O 94.6 O 103.0 O 100.6 O 97.4