Question: Please do in excel and show formulas Additional Problem 03-07 (Algo) Given the following demand data, compute a simple exponential smoothing forecast for alpha values

Please do in excel and show formulas

Additional Problem 03-07 (Algo) 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 no Actual Demand 58 60 60 60 58 56 58 55 54 55 56 8 10 11 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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