Question: Given the following demand data, use exponential smoothing to forecast the demand in time period 1 3 : Time 1 2 3 4 5 6

Given the following demand data, use exponential smoothing to forecast the demand in time period 13:
Time 123456789101112
Demand 1058211110994991171161039689103
(a) Use the average over the 12 time periods as the initial estimate (S0)
and try different \alpha values (from 0.1 to 0.9 with an increment of 0.1).
Which \alpha value gives the best t to the demand data

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