Question: Given the following data, use exponential smoothing (=0.30) to develop a demand forecast. Assume the forecast for the initial period is 6. Period 1 2

Given the following data, use exponential smoothing

(=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

6

9

10

7

Part 2

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

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