Question: Given the following data, use exponential smoothing (alpha equals 0.15) to develop a demand forecast. Assume the forecast for the initial period is 8. Period

Given the following data, use exponential smoothing (alpha equals 0.15) to develop a demand forecast. Assume the forecast for the initial period is 8.

Period 1 2 3 4 5 6

Demand 10 12 9 8 10 9

The exponential smoothing forecast is (round your responses to two decimal places):

Period 1 2 3 4 5 6 7

Forecast 8.00 __ ___ ___ ___ ___ ___

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