A company has the following demand (at ) for the previous nine weeks. Use the information to

Question:

A company has the following demand (at ) for the previous nine weeks. Use the information to develop a single exponential forecast for period 10 using a smoothing constant, α, equal to 0.25. Use 403 as the initial forecast.
Perioda t
1………………………………….403
2………………………………….422
3………………………………….325
4………………………………….428
5………………………………….332
6………………………………….317
7………………………………….376
8………………………………….478
9………………………………….382