Question: Given the following data, use exponential smoothing (a=0.15) to develop a demand forecast. Assume the forecast for the initial period is 5. 5 Period Demand

Given the following data, use exponential

Given the following data, use exponential smoothing (a=0.15) to develop a demand forecast. Assume the forecast for the initial period is 5. 5 Period Demand 1 9 2 11 3 8 4 11 6 12 12 The exponential smoothing forecast is (round your responses to two decimal places) 2 1 3 4 Period 5 6 7 Forecast 5.00

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