From Table 4-7, when the smoothing constant is.1, the forecast for the first quarter ot 2006 is 469, with a squared error of 145,161. When the smoothing constant is .6, the forecast for the first quarter of 2006 is 576, with a squared error of 75,076. On the basis of this limited evidence,exponential smoothing with α= 6 performs better than exponential smoothing with