Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.5. 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 0.5. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all answers to two decimal places. Use these rounded answers when computing subsequent answers.)

Given the following demand data, compute a simple exponential smoothing forecast for

alpha values of 0.1 and 0.5. Use the actual value in Period

\begin{tabular}{|cc} Period & Actual Demand \\ 1 & 38 \\ 2 & 37 \\ 3 & 36 \\ 4 & 34 \\ 5 & 32 \\ 6 & 31 \\ 7 & 31 \\ 8 & 30 \\ 9 & 31 \\ 10 & 32 \\ 11 & 32 \\ \hline \end{tabular} \begin{tabular}{c|c|c|} & =0.1 & =0.5 \\ \hline Period & Forecast & Forecast \\ \hline 1 & & \\ \hline 2 & & \\ \hline 3 & & \\ \hline 4 & & \\ \hline 5 & & \\ \hline 6 & & \\ \hline 7 & & \\ \hline 8 & & \\ \hline 9 & & \\ \hline 10 & & \\ \hline 11 & & \\ \hline 12 & & \\ \hline \end{tabular}

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