Question: Using the same data, forecast demand using exponential smoothing. You are given an initial forecast for year 1 , quarter 1 of 1 7 .

Using the same data, forecast demand using exponential smoothing. You are given an initial forecast for year 1, quarter 1 of 17.0. When generating your forecasts, assume that the smoothing coefficient is 0.10.
Note: Leave no cells blank - be certain to enter "0" wherever required. Negative answers should be indicated by a minus sign. Round your forecast answers to 1 decimal place. Then, starting with quarter 1 of year 2, use these rounded forecast values to compute the error and absolute error answers. Enter those answers to 1 decimal place also.
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YearQuarterDemandExponential SmoothingErrorAbsolute Value ErrorYear 1Q117Q219Q318Q420Year 2Q12417.6Q22618.3Q32619.1Q42919.7Year 3Q129Q232Q334Q433Year 4Q133Q236Q339Q442Year 5Q145Q245Q347Q447Year 6Q148Q247Q350Q453Year 7Q154Q253Q355Q458Year 8Q158Q262Q365Q468MFEMAD

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