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 simpleGiven the following demand data, compute a simple

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 1 2 4 4 5 6 7 8 9 10 11 Actual Demand 44 43 42 43 42 44 45 44 41 38 37 a = 0.3 a = 0.4 Period Forecast Forecast 1 2 3 4 5 6 7 8 9 10 11 12

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