Question: Please answer, thank you. Given the following data, use exponential smoothing (a = 0.2) to develop demand forecasts (periods 24). Assume the forecast for the

Please answer, thank you.

Please answer, thank you. Given the following

Given the following data, use exponential smoothing (a = 0.2) to develop demand forecasts (periods 24). 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. Exponentially Smoothed Forecast for perioda 5 Period 1 2 3 4 Demand 7 10 9 (Not known yet)

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