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Additional Problem 03-07 (Algo) Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual
Additional Problem 03-07 (Algo) Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.3 and 0.5. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period 2 4 5 6 7. 8 9 10 11 Actual Demand 32 33 31 29 30 30 32 32 34 36 36 a=0.3 a=0.5 Period Forecast Forecast 1 2 3 32.30 32.50 4 31.91 5 31.04 6 30.73 7 30.51 8 30.96 31.27 9 10 32.09 11 33.26 34.08 12
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