Answer:
Option D) 60.8
Step-by-step explanation:
We are given the following information in the question:
Forecast demand value = 62
[tex]F_{t-1} = 62[/tex]
Actual demand value = 58
[tex]A_{t-1} = 58[/tex]
[tex]\alpha = 0.3[/tex]
Formula:
[tex]F_t = (1-\alpha)F_t + \alpha A_{t-1}[/tex]
Putting all the values, we get:
[tex]F_t = (1-0.3)62 +0.3(58) = 60.8[/tex]
Option D) 60.8
