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
1 44
2 43
4 42
4 43
5 42
6 44
7 45
8 44
9 41
10 38
11 37

Calculate for period 1-12

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