Question: Using = 0.8 and the following data, compute exponential smoothing forecasts for periods 2 through 8. (Round your intermediate calculations and final answers to 2
Using = 0.8 and the following data, compute exponential smoothing forecasts for periods 2 through 8. (Round your intermediate calculations and final answers to 2 decimal places.)
| Period: | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| Forecast: | 10 | ||||||
| Actual demand: | 7 | 13 | 16 | 17 | 18 | 16 | 17 |
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