Question: Given the following data, use exponential smoothing (a = 0.10) to develop a demand forecast. Assume the forecast for the initial period is 5.

Given the following data, use exponential smoothing (a = 0.10) to develop

Given the following data, use exponential smoothing (a = 0.10) to develop a demand forecast. Assume the forecast for the initial period is 5. Period Demand 1 2 3 4 5 6 7 8 7 7 14 8 The exponential smoothing forecast is (round your responses to two decimal places): Period 1 2 3 4 5 6 7 Forecast 5.00

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