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 ] ["19.83", "23.89", "21.35", "22.57", "19.79"]

b. What is the MSE? [ Select ] ["12.86", "4,21", "14.56", "3.21", "17.70"]

c. If a change occurred and if you are now only evaluating from Period 5 onward, with Period 5's forecast as 23, what is the new forecast for Period 9? [ Select ] ["22.43", "44.87", "19.11", "20.97", "21.83"] , and the MSE?

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