Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.5. Use the actual value in Period 1

Given the following demand data, compute a simple

Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.5. 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 52 50 52 52 50 48 46 43 45 44 44 a = 0.1 a = 0.5 Period Forecast Forecast 1 2 3 4 5 6 7 8 9 10 11 12

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