As a consultant, you have been asked to generate a unit demand forecast for a product for year 2020 using exponential smoothing. The actual demand in year 2019 was 750. The forecast demand in year 2019 was 960. Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2020 forecast value?
A) 766
B) 813
C) 897
D) 1,023
E) 1,120

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The Answer of As a consultant, you have been asked to generate a unit demand forecast for a product for year 2020 using exponential smoothing. The actual demand in year 2019 was 750. The forecast demand in year 2019 was 960. Using these data and a smoothing constant alpha of 0.3, which of the following is the resulting year 2020 forecast value?
A) 766
B) 813
C) 897
D) 1,023
E) 1,120

As a Consultant, You Have Been Asked to Generate a Unit