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

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 1 2 4 4 5 3 6 7 8 8 9 10 11 Actual Demand 37 37 37 40 2 41 21 40 20 42 24 40 39 41 38 a = 0.1 a = 0.4 Period Forecast Forecast 1 2 37.00 37.00 37.00 3 37.00 4 37.00 37.00 5 37.30 6 37.67 7 37.90 8 38.31 9 38.98 10 11 12

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