Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 04. 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 04. Use the actual value in Period 1 as your starting forecast in Pertod 2. (Round all your calculations to two decimal points.) Period 2 MONO Actual Demand 59 59 61 59 be se 61 59 59 50 56 10 11 +03 Forecast 04 Forecast Period 1 2 3 4 5 6 7 10 11 12

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