Recent Past Demand for Product ZXT Is Given in the Following

Short Answer

Recent past demand for product ZXT is given in the following table.
$$\begin{array} { | c | c | } \hline \text { Month } & \begin{array} { c } \text { Actual } \\\text { Demand }\end{array} \\\hline \text { February } & 20 \\\hline \text { March } & 22 \\\hline \text { April } & 33 \\\hline \text { May } & 35 \\\hline \text { June } & 31 \\\hline \text { July } & 48 \\\hline \text { August } & 41 \\\hline\end{array}$$
-Use simple exponential smoothing with alpha = .4 and determine the forecasted demand for August and September. Assume that the smoothed forecast for July is 38.