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

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 4 5 6 Actual Demand 31 31 33 33 32 32 32 30 29 31 31 7 8 9 10 11

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