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

A.271

B. 299

C. 310

D. 371

E. 279

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