Given the demand below, we prepare an exponential smoothing forecast using smoothing constant alpha = 0.3. We next replace alpha by alpha = 0.1. With the new alpha, the demand forecast in period 6 is equal to the demand forecast in period 5 plus 0.1 times the forecast error of period 5.

Period	Demand
1	42
2	40
3	43
4	40
5	41

Group of answer choices

True

False

In exponential smoothing technique, we use fixed alpha for all periods.

Group of answer choices

True

False