Question $57$

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Given an actual demand of $103,$ a previous forecast value of $99,$ and an alpha of $\mathrm{.}4,$ the exponential smoothing forecast for the next period would be

a$.94\mathrm{.}6$

b$.97\mathrm{.}4$

c$.100\mathrm{.}6$

d$.101\mathrm{.}6$

e$.103\mathrm{.}0$