Question: 1 . Based on the information shown below, develop forecasts for April to October using: ( b ) An exponential smoothing model with alpha

1. Based on the information shown below, develop forecasts for April to October using:
(b) An exponential smoothing model with \alpha =0.35. Assume the forecast for March was 950.
Month Actual Demand
Jan 1050
Feb 975
Mar 1000
Apr 870
May 970
Jun 1220
Jul 1170
Aug 1150
Sep 1235
Oct 1275

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