Question: Given the following data, use exponential smoothing (a = 0.30) to develop a demand forecast. Assume the forecast for the initial period is 5. D

Given the following data, use exponential smoothing (a = 0.30) to develop a demand forecast. Assume the forecast for the initial period is 5. D Period 1 2 3 5 6 Demand 9 11 7 8 15 7 4 The exponential smoothing forecast is (round your responses to two decimal places): Period Forecast 5.00 1 2 3 4 5 6 7

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