Question: C430 Given the following data, use exponential smoothing (a = 0.30) to develop a demand forecast. Assume the forecast for the initial period is 6.

C430 C430 Given the following data, use exponential

Given the following data, use exponential smoothing (a = 0.30) to develop a demand forecast. Assume the forecast for the initial period is 6. Period 1 2 3 4 5 6 Demand 10 12 5 10 16 11 The exponential smoothing forecast is (round your responses to two decimal places): Period 1 2 3 4 5 6 7 Forecast 6.00

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