[All Steps] Assume that the forecasted demand for 2001 is 15, use the following data set and exponential smoothing with ά = 0.4 and determine the forecasted
Question: Assume that the forecasted demand for 2001 is 15, use the following data set and exponential smoothing with ά = 0.4 and determine the forecasted demand for 2002, 2003, and 2004.
| Year | Demand |
| 2001 | 16 |
| 2002 | 20 |
| 2003 | 18 |
F 2002 = F2003 = F2004 =
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