Question: Given the following data, use exponential smoothing (a =0.20) to develop a demand forecast. Assume the forecast for the initial period is 6. Period 1

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 6. Period 1 2 3 4 5 6 Demand 10 12 10 7 16 8 The exponential smoothing forecast is (round your responses to two decimal places): | Period 1 2 3 4 5 6 7 Forecast 6.00

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