Question: Refer to Problem4.2.Develop a forecast for years 2 through 12 using exponential smoothing with ? = .4 and a forecast for year 1 of 6.

Refer to Problem4.2.Develop a forecast for years 2 through 12 using exponential smoothing with ? = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the naive forecast. Based on a visual inspection, which forecast is better? PX Year 1 2 3 4 5 6 7 8 Demand 7 9 5 9 13 8 12 13

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