Question: Additional Problem 03-07 (Algo) Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the

Additional Problem 03-07 (Algo) Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period Actual Demand 1 50 2 52 4 53 4 55 5 54 6 56 7 56 8 57 9 55 10 57 11 56 Period 1 2 3 4 5 6 7 8 9 10 11 12 a = 0.1 a = 0.4 Forecast Forecast

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