A company wants to generate a forecast for unit demand for year 2017 using exponential smoothing. The actual demand in year 2016 was 90. The forecast demand in year 2016 was 120. Using this data and a smoothing constant alpha of 0.2, which of the following is the resulting year 2017 forecast value?
110
114
120
111
100
+4
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Home » Business » A company wants to generate a forecast for unit demand for year 2017 using exponential smoothing. The actual demand in year 2016 was 90. The forecast demand in year 2016 was 120. Using this data and a smoothing constant alpha of 0.