Question: Given the following data, use exponential smoothing (a = 0.10) to develop a demand forecast. Assume the forecast for the initial period is 3. Period

Given the following data, use exponential smoothing (a = 0.10) to develop a demand forecast. Assume the forecast for the initial period is 3. Period 6 Demand The exponential smoothing forecast is (round your responses to two decimal places): 1 7 2 8 3 5 4 6 5 16 4 1 2 3 4 5 6 7 Period Forecast 3.00 Enter your answer in each of the answer boxes

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