Question: Given the following data, use exponential smoothing (a = 0.25) to develop a demand forecast. Assume the forecast for the initial period is 8. 1

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 8. 1 4 5 6 Period Demand 2 12 3 10 11 8 12 9 The exponential smoothing forecast is (round your responses to two decimal places): 1 2 3 4 5 6 7 Period Forecast 8.00 9 10 9 91 9 01

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