Compute the 2 exponential smoothing forecasts using various alphas.

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B F First Forecast a = 0.2 1-a = 0.8 MFE = MAD = 000 A B E 1 Period Demand First Forecast Absolute Forecast Error Deviation 1 221 250 2 247 3 228 4 233 5 240 8 6 152 9 7 163 10 8 155 11 9 167 12 10 158 13 11 14 Total: 15 16 Period Demand Second Forecast Absolute 17 Forecast Error Deviation 18 1 221 250 19 2 247 20 3 228 21 4 233 22 240 23 6 152 24 7 163 25 155 26 167 27 10 158 28 11 29 Total: Second Forecast a = 0.7 1-a = 0.3 MFE = MAD = 80 6 GB 500 OWN 2009