Consider the time series below. Complete parts a through e below. 3 6 8 10 15 8 Period 1 2 14 11 Demand 4 16 5 17 7 10

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K
Consider the time series below. Complete parts a through e below.
3
6
8 C
10
15
8
Period 1
14
Demand
2
11
4
16
5
17
7
10
a) Forecast the demand for Period 9 using exponential smoothing with
α=0.1.
The forecasted demand for Period 9 using exponential smoothing with
α = 0.1 is
(Round to three decimal places as needed.)
Transcribed Image Text:K Consider the time series below. Complete parts a through e below. 3 6 8 C 10 15 8 Period 1 14 Demand 2 11 4 16 5 17 7 10 a) Forecast the demand for Period 9 using exponential smoothing with α=0.1. The forecasted demand for Period 9 using exponential smoothing with α = 0.1 is (Round to three decimal places as needed.)
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