Question: Given the following data, use exponential smoothing (a = 0.2) to develop a demand forecast. Assume the forecast for the initial period is 5. PERIOD

Given the following data, use exponential smoothing

(a = 0.2) to develop a demand forecast. Assume the forecast for the initial period is 5.

PERIOD 1 2 3 4 5 6 DEMAND 7 9 5 9 13 8 LOP1

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