Question: The yummy Ice Cream Company projects the demand for ice cram by using first-order exponential smoothing. Last week the forecast was 100,000 gallons of ice cream, and 90,000 gallons was actually sold.

a. Using \(\alpha \) = .1, prepare a forecast for the next week.

b. Calculate the forecast using \(\alpha \) =.2 and \(\alpha \) =.3 for the problem. Which \(\alpha \) gives the best forecast , assuming actual demand is 95,000 gallons?