You are given the following actual demand values for the past 18 months. Using the exponential...

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You are given the following actual demand values for the past 18 months. Using the exponential smoothing forecasting technique with an alpha of 0.34, determine the forecast for time period 19 (December): Actual Month Time Forecast Demand June 1 58 July 2 52 58.00 August 3 55 55.96 September 4 58 55.63 October 5 47 56.44 November 6 46 53.23 December 7 55 50.77 January 8 57 52.21 February 9 47 53.84 March 10 53 51.51 April 11 42 52.02 May 12 45 48.61 June 13 52 47.38 July 14 47 48.95 August 15 42 September 16 46 October 17 November 18 52 57 2627 48.29 46.15 46.10 48.11 51.13 53.13 48.11 57 You are given the following actual demand values for the past 18 months. Using the exponential smoothing forecasting technique with an alpha of 0.34, determine the forecast for time period 19 (December): Actual Month Time Forecast Demand June 1 58 July 2 52 58.00 August 3 55 55.96 September 4 58 55.63 October 5 47 56.44 November 6 46 53.23 December 7 55 50.77 January 8 57 52.21 February 9 47 53.84 March 10 53 51.51 April 11 42 52.02 May 12 45 48.61 June 13 52 47.38 July 14 47 48.95 August 15 42 September 16 46 October 17 November 18 52 57 2627 48.29 46.15 46.10 48.11 51.13 53.13 48.11 57