Given an actual demand this period of $103,$ a forecast value for this period of $99,$ and an alpha of $\mathrm{.}4,$ what is the exponential smoothing forecast for next period?

Question $20$ Select one:

a$.$

$101\mathrm{.}6$

b$.$

$100\mathrm{.}6$

c$.$

$94\mathrm{.}6$

d$.$

$103\mathrm{.}0$

e$.$

$97\mathrm{.}4$