Question: Please explain the steps taken to solve. Develop a single exponential smoothing forecast for Periods 2 through 9, using the data below. Each time you

Please explain the steps taken to solve.

Develop a single exponential smoothing forecast for Periods 2 through 9, using the data below. Each time you develop a forecast, round your answer off to a whole number (ex. - 2012.6 = 2013). Use a smoothing constant value of 0.3. Actual Demand Week Forecast 1 2 3 4 6821 6139 6480 6957 6275 7298 6548 5 6 7 8 7094 9

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