Question: Given the following data, use exponential smoothing (a = 0.20) to develop a demand forecast. Assume the forecast for the initial period is 4. The

Given the following data, use exponential

Given the following data, use exponential smoothing (a = 0.20) to develop a demand forecast. Assume the forecast for the initial period is 4. The exponential smoothing forecast is (round your responses to two decimal places): Period Demand Period Forecast 1 4.00 1 6 2 2 9 3 3 5 4 4 12 5 5 16 6 6 13 7

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