Question: Given the following data, use exponential smoothing (=0.20) to develop a demand forecast. Assume the forecast for the initial period is 4. 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 4.

Period 1 2 3 4 5 6
Demand 6 8 5 6 16 5

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

Period 1 2 3 4 5 6 7
Forecast 4.00

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