Question: Wamaco Corporation uses the same simple exponential smoothing forecasting model for all of its products. The model has yielded the following weekly forecasts: Week: 1

Wamaco Corporation uses the same simple

Wamaco Corporation uses the same simple exponential smoothing forecasting model for all of its products. The model has yielded the following weekly forecasts: Week: 1 2 3 4 5 6 12.0 11.1 10.6 11.0 10.0 12.0 14.0 14.0 11.4 13.2 12.6 12.0 Product 1 forecast: Product 1 sales: Product 2 forecast: Product 2 sales: 100.0 100.6 107.4 105.0 103.3 103.3 102.0 106.0 105.0 106.0 107.0 108.0 pictureClick here for the Excel Data File a. What value of a is Wamaco Corp using in its forecasting model? Consider only data from Periods 1 & 2. (Round your answers to 1 decimal place.) a Value Product 1 Product 2 b. Calculate the forecast for period 7 for product 1 and product 2 using the rounded smoothing constant values from Part a. (Round your intermediate calculations and final answers to 1 decimal place.) Forecast Product 1 Product 2

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