Question: Given the following data, use exponential smoothing (a=0.25) to develop a demand forecast. Assume the forecast for the initial period is 3. 1 3 4

Given the following data, use exponential

Given the following data, use exponential smoothing (a=0.25) to develop a demand forecast. Assume the forecast for the initial period is 3. 1 3 4 5 Period Demand 2 9 6 11 6 5 13 12 The exponential smoothing forecast is (round your responses to two decimal places): Period 1 2 3 Forecast 3.00 4 5 6

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