Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. 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 0.3 and 0.5. 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 5 6 7 B 9 10 11 Actual Demand 32 33 31 29 30 30 32 32 34 36 36 Answer is complete but not entirely correct. a=0.3 G=0.5 Forecast Forecast Period 1 2 3 4 5 6 7 32.00 32.00 3 31.91 31.04 30.73 30.51 30.96 31.27 3209 33.26 34.08 3200 32003 32.15 32.03 31.53 31.13 30.82 30.89 31.08 31.583 3242 8 9 10 11 12

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