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(15 POINTS) QUESTION 1: Forecasting Consider the following data table. (10 Points) Period Demand 1 65 2 67 3 70 4. 70 5 59 6

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(15 POINTS) QUESTION 1: Forecasting Consider the following data table. (10 Points) Period Demand 1 65 2 67 3 70 4. 70 5 59 6 73 7 67 a) Forecast demand using exponential smoothing with an alpha of 0.2, and an initial forecast of 55 for period 1. b) Calculate the MSE criterion

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