Question: Given the following data, use exponential smoothing (alpha = .37) to develop a demand forecast. Assume the forecast for the initial period is 20 Period

Given the following data, use exponential smoothing (alpha = .37) to develop a demand forecast. Assume the forecast for the initial period is 20

Period	1	2	3	4	5	6	7	8
Demand	23	25	17	19	20	16	22	24

a. What is the forecast for the 9th period [ Select ] ["21.35", "19.79", "22.57", "19.83", "23.89"]

b. What is the MSE? [ Select ] ["3.21", "2.21", "4.21", "7.70", "4.56"]

c. If a change occurred and if you are now only evaluating from Period 5 onward, with Period 5's forecastas 23, what is the new forecast for Period 9? [ Select ] ["21.83", "20.55", "19.77", "22.78"] , and the MSE? [ Select ] ["3.66", "2.78", "1.56", "9.75", "1.84"]

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