Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.2...

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Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.2 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 Actual Demand 1 2 4 4 5 3 6 7 8 9 10 11 Period 1 2 3 4 5 6 7 8 9 10 11 12 45 44 46 43 43 44 43 44 44 41 39 40 α = 0.2 Forecast a=0.5 Forecast Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.2 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 Actual Demand 1 2 4 4 5 3 6 7 8 9 10 11 Period 1 2 3 4 5 6 7 8 9 10 11 12 45 44 46 43 43 44 43 44 44 41 39 40 α = 0.2 Forecast a=0.5 Forecast

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Using simple exponential smoothing the forecast for each period can be calculated as follows For ... View the full answer