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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