Question: Given the following data, use exponential smoothing (a=0.2) to develop demand forecasts (periods 2-4). Assume the forecast for the initial period (period 1) is 5.

Given the following data, use exponential smoothing (a=0.2) to develop demand forecasts (periods 2-4). Assume the forecast for the initial period (period 1) is 5. Hint: review the section on Exponential Smoothing in the slides and/or textbook chapter 10, especially Table 10.4. Period 1 2 3 Exponentially Smoothed Forecast for period 5 Demand 7 10 9 (Not known yet) Here is the data on the number of dog bites seen in the emergency department (ED) each season for the past 4 years Season Winter Spring Summer Fall 2018 108 95 120 BO 2019 100 96 117 79 2020 101 94 2021 110 87 120 75 117 77 Apply the Least Square Regression model studied in class to forecast demand for the four seasons of the upcoming year (2022). Hint: Review the Excel spreadsheet we used in class to set up the columns and calculations

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