Question: A firm uses exponential forecasting model with smoothing constant = 0.6. If actual demand for the first year is 100 units and the forecast is

A firm uses exponential forecasting model with smoothing constant = 0.6. If actual demand for the first year is 100 units and the forecast is 120 units, the forecast for the second year will be:

104 units

110 units

108 units

112 units

102 units

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