Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the actual value in Period 1
Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period Actual Demand 1 56 2 55 4 56 59 60 62 60 58 56 10 21 53) Answer is complete but not entirely correct. a=0.1 a=0.4 Period Forecast Forecast 1 2 56.00 56.00 3 55.90 55.60 4 55.91 55.76 5 56.22 55.06 6 56.60 59.74 7 57.20 59.74 8 57.42x 59.84 9 57.47 x 59 10 10 57.32 57 87 x 11 57.10 56.72 12 56.70 55.23
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