Question: Part 1 : Simple Exponential Smoothing ( alpha = 0 . 4 ) Estimate level component ( Lt ) for periods 1 - 4

Part 1: Simple Exponential Smoothing (\alpha =0.4)
Estimate level component (Lt) for periods 1-4.
Forecast demand (Ft) for periods 1-4.
Forecast demand (Ft) for periods 5-8.

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