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Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the actual value in Period 1
Given the following demand data, compute a simple exponential smoothing forecast for alpha values of 0.1 and 0.4. Use the actual value in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal points.) Period Actual Demand 1 2 42 40 4 41 4 42 5 40 6 41 7 42 8 41 9 42 10 40 11 40 a=0.1 a = 0.4 Period Forecast Forecast 1 2 3 4 567 8 9 10 11 12
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