Question: B) Using exponential smoothing, the forecasted demand for period 5 using the smoothing above = _ (round your response to one decimal place.) Consider the

B) Using exponential smoothing, the forecasted demand for period 5 using the smoothing above = _ (round your response to one decimal place.)

Consider the following actual (A) and forecast (Ft) demand levels for a commercial multiline telephone at Office Max: . Actual Demand Time Period t At Forecast Demand Ft 1 55.0 55.00 2 45.0 55.00 3 60.0 52.00 4 45.0 54.40 5 ? The first forecast, F4, was derived by observing A, and setting F, equal to A,. Subsequent forecasts were derived by exponential smoothing. The smoothing constant (a) used to derive the subsequent forecasts = (round your response to two decimal places). (Hint: To determine a, use either the relationship for period 3 or 4.)

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