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Forecast monthly demand for products

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Monthly demand for a product has been as follows in the last 2 months.

July 55 units
August 61 units

What is the forecast for September using exponential smoothing with alpha = 0.2 if the forecast for July was 50 units?

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The solution does a great job of answering the question. The solution is brief and concise and very easy to follow along. All the steps are clearly shown. It can be easily understood by anyone with a basic understanding of Forecasting. Overall, an excellent solution.

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F(t) = Forecast(t-1) + alpha(A(t-1) - F(t-1))

Forecast for August = Forecast(July) + 0.2*(Actual(July) ...

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