The Following Data Summarizes the Historical Demand for a Product

question 13

Short Answer

The following data summarizes the historical demand for a product.
$$\begin{array} { | l | c | } \hline \text { Month } & \begin{array} { c } \text { Actual } \\\text { Demand }\end{array} \\\hline \text { March } & 20 \\\hline \text { April } & 25 \\\hline \text { May } & 40 \\\hline \text { Tune } & 35 \\\hline \text { Tuly } & 30 \\\hline \text { August } & 45 \\\hline\end{array}$$
Use exponential smoothing with α = .2 and a smoothed forecast for July of 32 to determine August and September's smoothed forecasts.

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Definitions:

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