Question: Given the following data, use exponential smoothing (=0.20) to develop a demand forecast. Assume the forecast for the initial period is 8. Period 1 2

Given the following data, use exponential smoothing

(=0.20)

to develop a demand forecast. Assume the forecast for the initial period is

8.

Period

1

2

3

4

5

6

Demand

10

12

10

9

16

8

Part 2

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

Period

1

2

3

4

5

6

7

Forecast

8.00

enter your response here

enter your response here

enter your response here

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enter your response here

enter your response here

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