Question: Additional Problem 03-07 (Algo) Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.4. Use the actual

Additional Problem 03-07 (Algo)

Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 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 1 2 4 5 6 7 8 9 10 11 Actual Demand 34 32 33 31 28 28 26 26 25 22 24 a = 0.3 a = 0.4 Forecast Period Forecast 1 2 3 4 5 6 7 8 9 10 11 12

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