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

Using a = 0.7 and the following data, compute

Using a = 0.7 and the following data, compute exponential smoothing forecasts for periods 2 through 8. (Round your intermediate calculations and final answers to 2 decimal places.) 2 3 4 5 6 7 Period: Forecast: Actual demand: 1 8 7 11 7 7 11 12 16 Period Exponential Smoothing Forecasts 2 3 4 5 6 7 8

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