Question: Simple exponential smoothing is being used to forecast demand. The forecast of a given period is 6 6 , which turned out to be 4
Simple exponential smoothing is being used to forecast demand. The forecast of a given period is which turned out to be unit less than actual demand. The next forecast is what is smoothing constant, alpha?
A
B
C
D
E
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
