Question: Please solve it step by step 7. Simple exponential smoothing is being used to forecast demand. The previous forecast of 66 turned out to be

Please solve it step by step Please solve it step by step 7. Simple

7. Simple exponential smoothing is being used to forecast demand. The previous forecast of 66 turned out to be four units less than actual demand. The next forecast is 66.6, implying a smoothing constant, alpha, equal to: A. 0.01 B. 0.10 C. 0.15 D. 0.20 E. 0.60

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