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Consider the following actual and forecast demand levels tor Big Mac hamburgers at a local McDonald's restaurant -ing Day Actual Demand Forecast Demand Monday 88.00

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Consider the following actual and forecast demand levels tor Big Mac hamburgers at a local McDonald's restaurant -ing Day Actual Demand Forecast Demand Monday 88.00 8800 Tuesday 72.00 18:00 Wednesday 70.00 BL60 Thursday 50.00 7696 2 Friday The forecast for Monday was derived by observing Monday's demand level and setting Monday's forecast leve equal to this demand level Sulmet forecasts were derived by using exponential smoothing with a smoothing constant of 0.40. Using this exponential smoothing method, the forecast for a Mac demand for a

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