Assume you are forecasting with an exponential smoothing model using α = 0.48.
a. How much weight is placed on the most recent actual demand? (Round your answer to 2 decimal places.)
Weight of the date __________
b. How much weight is given to the demand one time period older than the most recent data? (Round your answer to 3 decimal places.)
Weight of the data ________
c. How much weight is given to data from two periods in the past? (Round your answer to 3 decimal places.)
Weight of the data ________