Question: Given the following data, use exponential smoothing (a=0.25) to develop a demand forecast. Assume the forecast for the initial period is 6. 1. 2 3

Given the following data, use exponential smoothing (a=0.25) to develop a demand forecast. Assume the forecast for the initial period is 6. 1. 2 3 4 5 6 Period Demand 7 10 8 10 11 9 The exponential smoothing forecast is (round your responses to two decimal places): Period 1 2 3 4 5 6 Forecast 6.00 7

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