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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