Question: 8.6: Using exponential smoothing, calculate the forecasts for months 2, 3, 4, 5, and 6. The smoothing constant is 0.2, and the old forecast for

8.6: Using exponential smoothing, calculate the forecasts for months 2, 3, 4, 5, and 6. The smoothing constant is 0.2, and the old forecast for month 1 is 245.

Please show step by step on bolded forecast demands.

Month	Actual demand	Forecast demand
1	260	250
2	230	248
3	225	244
4	245	240
5	250	241
6		243

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