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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