720 6934 INPUT Material Machines Labor . Exponential Smoothing F = a D +(1-4) F, where: F 1+1 =forecast for next period D -actual demand for present period F = previously determined forecast for present period x14 a =weighting factor, smoothing constant Effect of Smoothi Constant 0.0 Sas 1.0 If a=0.20, then F1+1=0.20 D, +0.80 F If a = 0, then F,+1=0 D,+ 1 F, = F, Forecast does not reflect recent data If a = 1, then F,+1 = 1 D,+OF=D Forecast based only on most recent data Question: Given the weekly demand data, what are the exponential smoothing forecasts for periods 10h using a=0.10 and a=0.60? Assume FED 1 1 Week 1 2 3 4 5 6 7 8 9 10 Demand 820 775 680 655 750 802 798 689 775