Question: Given the following data, use exponential smoothing (a = 0.25) to develop a demand forecast. Assume the forecast for the initial period is 7. Period

Given the following data, use exponential

Given the following data, use exponential smoothing (a = 0.25) to develop a demand forecast. Assume the forecast for the initial period is 7. Period 1 11 2 12 3 9 4 8 5 16 6 6 Demand The exponential smoothing forecast is (round your responses to two decimal places): 3 Period Forecast 1 7.00 2 D 4 D 5 D 6 D 7 D

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