If the forecast for August in a given year is 6600 units and

If the forecast for August in a given year is 6600 units and the sales in the month came to be 8000 units, what is the forecast in an exponential smoothing constant of 0.10? O 6740 units 7860 units 7300 units Ocannot be calculated

Solution

Answer a. Forecast using exponential smoothening method=
8000*(0.1)+6600*(1-0.1)=800+5940= 6740 units.