Question: Given the following data, use exponential smoothing ( = .1) to develop a demand forecast for period 3. Assume the forecast for the initial period

Given the following data, use exponential smoothing ( = .1) to develop a demand forecast for period 3. Assume the forecast for the initial period is 400. What is the forecast?

Period Demand Forecast

1 300 400

2 200

Group of answer choices

299

271

279

310

371

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