Problem Solving (5 Marks): Exponential Smoothing:

Consider the following data history of ABC company (Following Table). The manager seeks to design the production plan for the next period.

Period	Months	Demand	Forecast ()	Forecast (
1	January	81
2	February	90
3	March	100
4	April	95
5	May	87
6	June	85
7	July	-

1. Compute the forecast of the next period using the Exponential Smoothing Methodology:

1. a= 0.2 (1.5 Marks)
2. a= 0.37 (1.5 Marks)

2. Plot the data (2 Marks)