Question: Use exponential smoothing with a in the range 0.1 to 0.4 and an initial value of 69 to produce one period ahead forecasts for the

Use exponential smoothing with a in the range 0.1

Use exponential smoothing with a in the range 0.1 to 0.4 and an initial value of 69 to produce one period ahead forecasts for the following time series. Which result is best? Period Demand 1 71 23 3 4 78 101 122 5 94 6 89 7 73 8 69 9 59 10 64 11 68

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