In forecasting by exponential smoothing, if α is a smoothing constant – McqOptions

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1.	In forecasting by exponential smoothing, if α is a smoothing constant, then:
A.	New Forecast = α (latest sales figure) + (1 - α ) (old forecast)
B.	New Forecast = α (latest sales figure) – (1 - α) (old forecast)
C.	New forecast = α (latest sales figure) + (1 + α) (old forecast)
D.	New Forecast = α (latest sales figure) – (1 + α) (old forecast)
Answer» B. New Forecast = α (latest sales figure) – (1 - α) (old forecast)

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