The following table shows the actual demand observed over the last 4 years:1YearDemand 8YearForecast (ES)17.0Using exponential smoothing with a = 0.30 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 5 (round your responses to one decimal place).35Provide the forecast from periods 2 through 5 using the naive approach (enter your responses as whole numbers).YearForecast (NA)2102234344945

Actual Demand for last 4 years is given below:

Answered: The following table shows the actual…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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