There are 12 periods in chart

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 answers to two decimal places. Use these rounded answers when computing subsequent answers.) Period Actual Demand 42 41 39 39 36 35 34 34 31 30 27 a = 0.3 a = 0.5 Period Forecast Forecast 1 2 3 4 8