Question: Using = 0.7 and the following data, compute exponential smoothing forecasts for periods 2 through 8. Note: Round your intermediate calculations and final answers to

Using = 0.7 and the following data, compute exponential smoothing forecasts for periods 2 through 8. Note: Round your intermediate calculations and final answers to 2 decimal places. Period: 1 2 3 4 5 6 7 Forecast: 12 Actual demand: 16 22 21 18 15 15 19

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