Discuss the below:
Q: Lenovo uses the ZX-81 chip in some of its laptop computers The prices for the chip during the last 12 months were as follows
Month Price per chip
January $1.90
February $1.61
March $1.60
April $1.85
May $1.90
June $1.95
July $1.80
August $1.83
September $1.60
October $1.57
November $1.62
December $1.75
With alpha = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the forecast for periods 11 and 12 is
With alpha = 0.3 and the initial forecast for October of $1.77, using exponential smoothing, the forecast for periods 11 and 12 is
With alpha = 0.5 and the initial forecast for October of $1.72, using exponential smoothing, the forecast for periods 11 and 12 is