Question: A firm uses simple exponential smoothing with alpha = 0 . 1 to forecast demand. The forecast for the week of January 1 was

A firm uses simple exponential smoothing with \alpha =0.1 to forecast demand. The forecast for the week of January 1 was 550 units, whereas the actual demand turned out to be 600 units. Calculate the demand forecast for the week of January 8.
a.545
b.550
c.555
d.560

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