Using exponential smoothing with a 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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The following table shows the actual demand observed over the last 11 years:
Year
2
3
5
7.
10
11
Demand
10
13
17
13
12
10
11
Using exponential smoothing with a = 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place).
Year
2
4
7.
10
11
12
is
Forecast 5.0
Transcribed Image Text:The following table shows the actual demand observed over the last 11 years: Year 2 3 5 7. 10 11 Demand 10 13 17 13 12 10 11 Using exponential smoothing with a = 0.40 and a forecast for year 1 of 5.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 2 4 7. 10 11 12 is Forecast 5.0
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