(All Steps) Use exponential smoothing to forecast the values for periods 3 through 8. Use the value for the first period as the forecast for the second
Question: Use exponential smoothing to forecast the values for periods 3 through 8. Use the value for the first period as the forecast for the second period. Compute forecasts using 2 different values of alpha, .1 and .8. Compute the errors for each forecast and compare the errors produced by using the two different exponential smoothing constants.
| Time period | value | Time period | Value |
| 1 | 211 | 5 | 242 |
| 2 | 228 | 6 | 227 |
| 3 | 236 | 7 | 217 |
| 4 | 241 | 8 | 203 |
Deliverable: Word Document 
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