Question: Given the demand data that follow, prepare an exponential smoothing forecast for periods 2 through 5, using alpha of 0.25. Use Nave method to obtain

Given the demand data that follow, prepare an exponential smoothing forecast for periods 2 through 5, using alpha of 0.25. Use Nave method to obtain F₂ first. Show your calculations with two (2) decimal places.

Period Demand

1 25

2 22

3 24

4 19

5 17

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