Question: Given the following data, use exponential smoothing (a = 0.30) to develop a demand forecast. Assume the forecast for the initial period is 7. 1

Given the following data, use exponential

Given the following data, use exponential smoothing (a = 0.30) to develop a demand forecast. Assume the forecast for the initial period is 7. 1 4 6 Period Demand 2 12 3 8 5 15 10 12 13 The exponential smoothing forecast is (round your responses to two decimal places): 1 2 3 4 5 6 7 Period Forecast 7.00

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