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 your calculations to two decimal points.)
| Period | Actual Demand |
| 1 | 43 |
| 2 | 42 |
| 4 | 40 |
| 4 | 40 |
| 5 | 40 |
| 6 | 40 |
| 7 | 41 |
| 8 | 42 |
| 9 | 43 |
| 10 | 40 |
| 11 | 40 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
