c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 475 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.) Forecast for this month units

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c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three
months ago was 475 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.)
Forecast for this month
units
Transcribed Image Text:c. Using simple exponential smoothing, what would your forecast be for this month if the exponentially smoothed forecast for three months ago was 475 units and the smoothing constant was 0.30? (Round your answer to the nearest whole number.) Forecast for this month units
Actual demand for a product for the past three months was
Three months ago
Two months ago
425 units
375 units
Last month
305 units
LIsing a simplo throo month mo
Transcribed Image Text:Actual demand for a product for the past three months was Three months ago Two months ago 425 units 375 units Last month 305 units LIsing a simplo throo month mo
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