Answer :
Final answer:
The forecast for the next period using exponential smoothing with an actual demand of 65, a current forecast of 78, and an alpha of 0.6 is 70.2.
Explanation:
The student's question asks how to calculate the forecast for the next period using exponential smoothing. Given an actual demand this period of 65, a forecast for this period of 78, and an alpha of 0.6, the formula for exponential smoothing is: Forecastnext = (Alpha * Actualcurrent) + ((1 - Alpha) * Forecastcurrent).
Using the values provided: Forecastnext = (0.6 * 65) + ((1 - 0.6) * 78) = 39 + 31.2 = 70.2.
Therefore, the forecast for the next period would be 70.2 (option c).
you would multiply the actual demand for the current period by (1 - alpha) and add the forecast for the current period multiplied by alpha. In this case, the actual demand is 65, the forecast for this period is 78, and the alpha is 0.6.
The forecast for the next period can be calculated as follows:
Forecast for next period = (actual demand for current period * (1 - alpha)) + (forecast for current period * alpha)
= (65 * (1 - 0.6)) + (78 * 0.6)
= 38.2
Therefore, the forecast for the next period using exponential smoothing would be 38.2 (option a
Learn more about Exponential Smoothing here:
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