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(10.053) 22. 2. Consider the fowling data- Time Sales 1 65 2 80 3 82 4 110 5 If a smoothing constant of 0.54 is

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(10.053) 22. 2. Consider the fowling data- Time Sales 1 65 2 80 3 82 4 110 5 If a smoothing constant of 0.54 is used, assuming the forecast for =1 is 69, what are the exponentially smoothed forecast for period 2,3,4,5? And what is the RMSE for this forecast? Show your calculating steps. [10 marks] -03768 -03768

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