What is the exponentially smoothed forecast for January given analpha of 0.5?
Month Sales
January 9.00
Feb 7.00
March 10.00
April 8.00
May 7.00
June 12.00
July 10.00
August 11.00
September 12.00
October 10.00
November 14.00
December 16.00
January —
POSSIBLE ANSWERS
12.33
13.33
12.60
14.17
Expert Answer
The concept used in this solution is forecasting usingexponential smoothening.