just completed an MBA degree and they are fascinated with the exponential smoothing technique. Generate a forecast for period 5 using that technique with the following data and an alpha value of 0.18. (Keep one decimal place in your answer)
| Period | Actual |
| 1 | 1190 |
| 2 | 1390 |
| 3 | 1308 |
| 4 | 1280 |
Solution : 5th Period forecast is 1247.82
Assumption : Forecast for Period 1 is 1190.
Calculations are as follows :
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