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The demand and forecast for February are 12000 and 10275, respectively. Using single exponential smoothening method (smoothening coefficient = 0.25), forecast for the month of March is
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- 431
- 9587
- 10706
- 11000
Correct Option: C
Fmarch = FFeb + α (FFeb – FFeb)
FFeb = 10275
DFeb = 12000
α = 0.25
Fmarch = 10275 + 0.25 (12000 – 10275) = 10706
