Answer :
Final answer:
The exponential smoothing forecast for the next period would be 100.6.
Explanation:
To calculate the exponential smoothing forecast for the next period, we use the formula:
Forecast = Previous Forecast + Alpha * (Actual Demand - Previous Forecast)
Given an alpha value of 0.4, an actual demand of 103, and a previous forecast value of 99, the calculation would be:
Forecast = 99 + 0.4 * (103 - 99) = 99 + 0.4 * 4 = 99 + 1.6 = 100.6
Therefore, the exponential smoothing forecast for the next period would be 100.6, which corresponds to option B.
