You are given that the forecast for the current period of 70 turned out to be 6 units less than the actual demand. The forecast for the next period is 75.8. What must alpha equal (rounded to 4 decimals) if a simple exponential smoothing forecast method were being used?© BrainMass Inc. brainmass.com December 24, 2021, 9:39 pm ad1c9bdddf
`Let t be the index for time periods
F denotes Forecast
A denotes actual demand
F (t) be the forecast for period t. Similarly, F (t-1) be the forecast for period t-1
A (t) be the actual demand in ...
The solution shows calculation of alpha using Simple Exponential Smoothing forecast method.