Question: please help 6. FORECASTING WITH EXPONENTIAL SMOOTHING Beta Tools uses exponential smoothing to forecast their monthly sales. Demand for January was estimated to be 40,000

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6. FORECASTING WITH EXPONENTIAL SMOOTHING Beta Tools uses exponential smoothing to forecast their monthly sales. Demand for January was estimated to be 40,000 units but was 37,000 . Historically they have used a smoothing constant of 0.12. You are now looking at February sales. a. Based upon the exponential smoothing equation, what is your forecast for February? Show all calculations. ( 5 points) b. Explain what concerns (at least two) you have that could make an exponential smoothing forecast the wrong one to use. ( 10 points)

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