Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 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 0.3 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 2 5 6 7 9 10 49 50 50 47 45 44 44 46 45 42 004 Forecast Period Forecast a = 0.3 a = 0.4 Period Forecast Forecast 1 2 3 4 5 6 7 8 9 10 11 12

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