A firm uses simple exponential smoothing with a = 0.10

A firm uses simple exponential smoothing with a = 0.10 to forecast demand. The forecast for a week starting on May 1st was 500 units whereas the actual demand turned out to be 450 units.
Complete the table below.WEEK NO. DEMAND OLD FORECAST FORECAST ERROR CORRECTION FACTOR NEW FORECAST MAY 1 450 8 505 15 510 22 490 JUNE 1 480 8 520 15 550 22 510 28 580 JULY 1 550 8 520 15 560 A firm uses simple exponential smoothing with a = 0.10 to forecast demand. The forecast for a week starting on May 1st was 500 units whereas the actual demand turned out to be 450 units.
Complete the table below.WEEK NO. DEMAND OLD FORECAST FORECAST ERROR CORRECTION FACTOR NEW FORECAST MAY 1 450 8 505 15 510 22 490 JUNE 1 480 8 520 15 550 22 510 28 580 JULY 1 550 8 520 15 560
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