Question: An analyst is using exponential smoothing to forecast the daily demand for a key product. The analyst starts with a naive forecast for time period

An analyst is using exponential smoothing to

An analyst is using exponential smoothing to forecast the daily demand for a key product. The analyst starts with a naive forecast for time period 2, then begins using exponential smoothing with a smoothing constant of 0.30. The table below shows some of the calculations. period actual forecast 1 155 2 191 155 3 168 165.8 4 195 166.46 5 175 ? What is the predicted demand for time period 5? Round your answer to two decimal places

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