Given the following data, use exponential smoothing (a=0.10) to develop a demand forecast. Assume the forecast for the initial period is 9. 4 2 3 Period Demand 1 10 13 7 6 The exponential smoothing forecast is (round your responses to two decimal places): 1 2 3 Period Forecast 9.00 9.10 9.40 5 6 10 4 4 5 6 7 8.80 8.70 9.10 8.50

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Given the following data, use exponential smoothing (α = 0.10) to develop a demand forecast. Assume the forecast for the initial period is
9.
Period
Demand
1
2
10 13
1
9.00
3
7
The exponential smoothing forecast is (round your responses to two decimal places):
Period
2
Forecast
9.10
3
9.40
4
6
4
8.80
5
8.70
5
10
6
9.10
6
4
7
8.50
Transcribed Image Text:Given the following data, use exponential smoothing (α = 0.10) to develop a demand forecast. Assume the forecast for the initial period is 9. Period Demand 1 2 10 13 1 9.00 3 7 The exponential smoothing forecast is (round your responses to two decimal places): Period 2 Forecast 9.10 3 9.40 4 6 4 8.80 5 8.70 5 10 6 9.10 6 4 7 8.50
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