Answer:
Experimental smoothing forecast for the next period will be 58.9
Step-by-step explanation:
We have given actual demand is [tex]A_{t-1}=61[/tex]
Initial forecast [tex]f_{t-1}=61[/tex] and [tex]\alpha =0.3[/tex]
We have to find the experimental smoothing forecast [tex]f_t[/tex]
Experimental forecast is given by
[tex]f_t=(1-\alpha )f_{t-1}+\alpha A_{t-1}=(1-0.3)\times 58+0.3\times 61=58.9[/tex]
So experimental smoothing forecast for the next period will be 58.9
