Question: Using exponential smoothing, calculate the forecasts for the same months as in problem 8.3c. The old average for month 3 was 96 and What is

Using exponential smoothing, calculate the forecasts for the same months as in problem 8.3c. The old average for month 3 was 96 and What is the difference between the two forecasts for month 11?

= 0.2.

Month Actual Demand Forecast 1 102 2 91 3 95 4 105 5 94 6 100 7 109 8 92 9 101 10 98 11

LO.1

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