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 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 | Actual Demand |
| 1 | 41 |
| 2 | 41 |
| 4 | 42 |
| 4 | 39 |
| 5 | 39 |
| 6 | 37 |
| 7 | 35 |
| 8 | 33 |
| 9 | 31 |
| 10 | 29 |
| 11 | 31 |
| a shape=0.1 | a shape=0.4 | |
| Period | Forecast | Forecast |
| 1 | ||
| 2 | ||
| 3 | ||
| 4 | ||
| 5 | ||
| 6 | ||
| 7 | ||
| 8 | ||
| 9 | ||
| 10 | ||
| 11 | ||
| 12 |
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