Question: Use exponential smoothing with alpha = 0.3 and the data below to forecast the sales value for the next time period (time period 7). To

Use exponential smoothing with alpha = 0.3 and the data below to forecast the sales value for the next time period (time period 7). To initialize the forecasting process, use a naive forecast for time period 2 (i.e. forecast for time period 2 = sales for time period 1).

Enter your answer rounded to 2 decimal places.

Time period Sales
1 45
2 78
3 102
4 86
5 103
6 122
7

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