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 1 2 3 4 6 7 8 9 10 11 59 64 Demand 71 78 101 122 89 73 69 68 LO 5 94

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