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Part $1$

Given the following$$ data, use exponential smoothing $($alphaequals$0\mathrm{.}30)$ to develop a demand forecast. Assume the forecast for the initial period is $7.$

$$

Period

$1$

$2$

$3$

$4$

$5$

$6$

Demand

$10$

$13$

$5$

$11$

$14$

$9$

Part $2$

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

Period

$1$

$2$

$3$

$4$

$5$

$6$

$7$

Forecast

$7\mathrm{.}00$