Given the Following Information,the Forecast for Period Two Using Exponential $\alpha$

True/False

Given the following information,the forecast for period two using exponential smoothing and $\alpha$ = 0.3 is 61.5.
$\begin{array}{ccc}\text { Period } & \text { Demand } & \text { Forecast } \\\hline 1 & 64 & 59 \\2 & 70 &\end{array}$