Question: Question 6 20 pts Find the exponential smoothing forecast for the following demand when alpha = 0.3 and alpha = 0.5. Assume that the forecast

Question 6 20 pts Find the exponential smoothing

Question 6 20 pts Find the exponential smoothing forecast for the following demand when alpha = 0.3 and alpha = 0.5. Assume that the forecast for Feb is given as 37 (based on the actual demand on Jan). What would be the best answer for the forecast (1)? Month Demand Forecast (a = 0.3) Forecast (a = 0.5) Jan 37 N/A N/A Feb 40 37.00 37.00 Mar 41 37.90 38.50 Apr 37 38.83 39.75 May 45 38.28 38.38 June 50 40.30 41.69 July 43 (8) .21 Aug 47 (2) .42 Sep 56 (3) (10) Oct 52 (11) (4) (5) Nov 55 (12) Dec 54 (13) .85 Jan (7) .61

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