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 Actual Demand

1 33

2 33

4 32

4 30

5 31

6 32

7 32

8 33

9 33

10 32

11 32