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 actual

 Additional Problem 03-07 (Algo) Given the following demand data, compute a

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 2 Actual Demand 32 31 31 44 33 2 31 29 2 31 30 27 28 27 6 7 8 9 10 11 a = 0.1 a = 0.4 Period Forecast Forecast 1 2 3 4 5 6 7 8 9 10 11 12

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