Question: Problem 4.3a Question Help The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7

Problem 4.3a Question Help The following table

Problem 4.3a Question Help The following table shows the actual demand observed over the last 11 years: Year 1 2 3 4 5 6 7 8 9 10 11 Demand 7 8 5 9 12 8 12 12 8 11 8 Using exponential smoothing with a = 0.50 and a forecast for year 1 of 6.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place) Year 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 6.0 6.5 7.3 6.1 7.6 9.8 8.9 10.4 11.2 9.6 10.3 9.2 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers). Year 2 3 4 5 6 7 8 9 10 11 12 Forecast

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