Question: Given the following data, use exponential smoothing (=0.15) to develop a demand forecast. Assume the forecast for the initial period is 7. Period 1 2

Given the following data, use exponential smoothing (=0.15) to develop a demand forecast. Assume the forecast for the initial period is 7.

Period

1

2

3

4

5

6

Demand

9

11

9

10

13

11

The exponential smoothing forecast is (round your responses to two decimal places):

Period

1

2

3

4

5

6

7

Forecast

7.00

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