Question: Using the data below, give your answer for the following question: Period Demand ($000) 2016 50 2017 -- 40 2018 ------ 45 2019 35 2020

Using the data below, give your answer for the

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 + a (At-1 - Ft-1) 42.5 41.25 None of the above 38.75 0 37.5

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