Question: question 1 question 2 Suppose you have been asked to forecast demand for a product for year 2012 using the exponential smoothing method. In 2011,

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Suppose you have been asked to forecast demand for a product for year 2012 using the exponential smoothing method. In 2011, the forecast demand was 910 and the actual demand was 850. Using a smoothing constant of 0.3, what is the demand forecast for year 2012? 925 885 o 930 850 892 The following are the recent historical sales of iPhone 12 at a local Apple Store in Northridge. Month Sep Oct Nov Dec Jan iPhone 12 70 76 82 75 85 Assuming the forecast for Dec is 82. Use the exponential smoothing method, with alpha=0.2, to forecast sales for February keep two decimals if not exact, either round up or down is ok. For example, for 0.1346, (0.13 or 13) and (0.14 or 14) are correct

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