A firm uses simple exponential smoothing to forecast demand with a = 0.2. The forecast for the month of March was 500 units whereas the actual demand turned out to be 460 units. What is the forecast for the month of April?

Exam Question

A firm uses simple exponential smoothing to forecast demand with a = 0.2. The forecast for the month of March was 500 units whereas the actual demand turned out to be 460 units. What is the forecast for the month of April?

• 1. 489.6
• 2. 492
• 3. 480
• 4. 490

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