QUESTION 1 Assume that sales for year “n" were 12 units and a forecast of sales for that year had been 10 units and you want to make a simple exponential smoothing forecast of sales for period “n+1."...

Extracted text: QUESTION 1 Assume that sales for year “n" were 12 units and a forecast of sales for that year had been 10 units and you want to make a simple exponential smoothing forecast of sales for period “n+1." If alpha equals 0.6 the forecast for year "n+1" would be 11 11.2 10.8 11.5 12.2