Given the following information,calculate the forecast (accurate to 2 decimals)for period three using exponential smoothing and ? = 0.3. $\begin{array}{lll}
\text { Period } & \text { Demand } & \text { Forecast } \
\hline 1 & 64 & 59 \
2 & 70 &
\end{array}$
A)36.90
B)57.50
C)61.50
D)63.35

Question

Quizplus · Accepted Answer

Using exponential smoothing with α=0.3, we can calculate the forecast for period 2 as:

Forecast(2) = αDemand(1) + (1-α)Forecast(1)
           = 0.3(64) + 0.7(59)
           = 61.70

We can then use this forecast for period 2 to calculate the forecast for period 3:

Forecast(3) = αDemand(2) + (1-α)Forecast(2)
           = 0.3(70) + 0.7(61.70)
           = 63.35

Therefore, the best choice is D.

Given the Following Information,calculate the Forecast (Accurate to 2 Decimals)for Period Demand Forecast 16459270\begin{array}{lll}\text { Period } & \text { Demand } & \text { Forecast } \\\hline 1 & 64 & 59 \\2 & 70 &\end{array} Period 12​ Demand 6470​ Forecast 59​​

Given the Following Information,calculate the Forecast (Accurate to 2 Decimals)for $\begin{array}{lll}\text { Period } & \text { Demand } & \text { Forecast } \\\hline 1 & 64 & 59 \\2 & 70 &\end{array}$