Question: Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. 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 0.4. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period 1 4 Actual Demand 56 55 56 59 60 62 60 58 56 55 53 10 11 0.4 a=0:1 Forecast Forecast Period 1 2 3 4 5 2 10 11 12

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