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	60
2	58
4	56
4	56
5	54
6	52
7	50
8	51
9	48
10	46
11	44

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	60
2	58
4	56
4	56
5	54
6	52
7	50
8	51
9	48
10	46
11	44