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Question: lenovo uses the zx81 chip in some of its laptop...

Question details

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

Month

Price Per Chip

January

​$1.85

July

​$1.80

February

​$1.61

August

​$1.82

March

​$1.60

September

​$1.60

April

​$1.85

October

​$1.57

May

​$1.90

November

​$1.62

June

​$1.95

December

​$1.75

This exercise contains only part d.

With alpha α ​= 0.1 and the initial forecast for October of ​$1.81​, using exponential​ smoothing, the forecast for periods 11 and 12 is ​(round your responses to two decimal​ places):

Month

Oct

Nov

Dec

Forecast

​$1.81

****PLEASE SHOW WORK

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