Do 1-11 Additional Problem 03-07 (Algo) 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

Do 1-11 Additional Problem 03-07 (Algo)
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
39
40
41
38
38
39
41
40
40
37
39
a = 0.1
a = 0.4
Period
Forecast
Forecast
1
2
3
4
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