Additional Problem 03-07 (Algo)

Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.5. 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	53
2	54
4	53
4	54
5	55
6	54
7	53
8	53
9	50
10	48
11	45

= 0.1		= 0.5
Period	Forecast	Forecast
1
2
3
4
5
6
7
8
9
10
11
12