What is the resulting year forecast value

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As a consultant, you have been asked to generate a unit demand forecast for a product for year 2014 using exponential smoothing. Actual demand in year 2013 was 941, but the forecast for that year was 1,071. Using these data and a smoothing constant alpha of 0.5, what is the resulting year 2014 forecast value?

Please keep your answer with 2 decimal places.

Reference no: EM13966233

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