Question: Using simple exponential smoothing with an alpha = 0.3 and forecast the demand for period 6 (ie. the second quarter of 2012). To get the

Using simple exponential smoothing with an alpha

Using simple exponential smoothing with an alpha = 0.3 and forecast the demand for period 6 (ie. the second quarter of 2012). To get the initial 2011-Q1 forecast value average the first two Demand numbers 2011-01 and 2011-02 Quarter Demand: 2011-Q1 = 400 2011-02-360 2011-Q3 200 2011-Q4= 100 2012-Q1= 500 2012-Q2= No Data Answer should be with 2 decimal points (Example: 220.34)

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