A small airplane company called Just In Time flies between cities in Florida. It is trying to decide whether to add one extra plane to its fleet next year. Passenger demand for the last four months is as follows: Month 1 = 4,403, Month 2 = 4,008, Month 3 = 3,750, and Month 4 = 4,508 passengers.

Do not round intermediate calculations. (6 points)

What is the forecast for the fifth month using exponential smoothing with = 0.1?

(Round your answer to two decimal places)

What value of should be used to make the most accurate forecast using exponential smoothing (Round your answers to two decimal places)?