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Business, 14.02.2020 16:41 darlinsanchez08com

Using the data set below, what would be the forecast for period 5 using the exponential smoothing method? Assume the forecast for period 4 is 14000. Use a smoothing constant of α = 0.4 (Choose the closest answer.)
Period
Actual Demand
1 10000
2 12400
3 13250
4 14750
5 15220
6 18500

a. 12660
b. 13190
c. 14300
d. 15220

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