Question: The third tab in the spreadsheet is for simple exponential smoothing forecasts. Fill out the spreadsheet with the correct formulas to compute exponential smoothing forecasts
The third tab in the spreadsheet is for simple exponential smoothing forecasts. Fill out the spreadsheet with the correct formulas to compute exponential smoothing forecasts and their associated errors. Formulas should also be used to fill in the numbers for the weeks (week 1, week 2, etc.), and for the demand data. While the spreadsheet should be able to use any value of alpha, use an alpha of 0.30 as you develop the spreadsheet. In addition, create the same type of graphs for this spreadsheet as you did for the Moving Average Tab using the blank graphs on the left side of the spreadsheet.
The first picture contains the actual demand for weeks 1-40. Solve for and create formulas to compute the exponential smoothing forecast, Error, ABS value error, APE, Squared Error, RSFE, MAD, MAPE, MSE and TS.




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