A company has experienced the following demand for a product over the most recent nine months. Use the information to produce a single exponential smoothing model for period 10. Use a smoothing constant, α, equal to 0.40.
Perioda t
1…………………………………………928
2…………………………………………861
3…………………………………………872
4…………………………………………852
5…………………………………………855
6…………………………………………658
7…………………………………………640
8…………………………………………716
9…………………………………………527