A. This answer is incorrect. The formula for calculating a forecasted amount using exponential smoothing is:Forecasted Value = (alpha × current actual value) + ([1 - alpha] × current forecasted value)
B. This is the actual demand in February, not the forecasted demand for March. The formula for calculating a forecasted amount using exponential smoothing is:
Forecasted Value = (alpha × current actual value) + ([1 - alpha] × current forecasted value)
C. The formula for calculating a forecasted amount using exponential smoothing is:
Forecasted Value = (alpha × current actual value) + ([1 - alpha] × current forecasted value)
Using the forecasted and actual amounts given for the month of February, we can calculate the forecasted value for the month of March as follows:
Forecasted Value = (0.3 × 158) + (0.7 × 148)
Forecasted Value = 151
D. This is the demand forecast for February. It is not the demand forecast for March. The formula for calculating a forecasted amount using exponential smoothing is:
Forecasted Value = (alpha × current actual value) + ([1 - alpha] × current forecasted value)