Question: Using the data below, give your answer for the following question: Period Demand ( $ 0 0 0 ) 2 0 1 6 - -

Using the data below, give your answer for the following question:
Period Demand ($000)
2016--------50
2017-------40
2018------45
2019------35
2020------40
Given a forecasting value of 40 for the year in 2019 and an alpha of 0.5, what would the forecast for the next time period (i.e., Year in 2021) be using exponential smoothing? (use the formula: Ft = Ft-1+
(At-1- Ft-1)

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