Question: 7. Use exponential smoothing with a in the range 0.1 to 0.4 and an initial value of 69 to produce one period ahead forecasts for

7. Use exponential smoothing with a in the range

7. Use exponential smoothing with a in the range 0.1 to 0.4 and an initial value of 69 to produce one period ahead forecasts for the following time series. Which result is best? SH Period Demand 1 71 2 3 4 78 101 122 5 94 6 89 7 73 8 69 9 59 10 64 11 68 8. Anna Gupta has recorded quarterly demand for a product over the past three years as follows. How could she forecast demand over the next two years? Quarter 1 2 3 4 5 6 7 8 9 10 11 12 Demand 190 143 101 168 228 184 138 213 270 210 150 255

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