The Hughes Supply Company uses an inventory management method to determine the monthly demands for various products. The demand values for the last 12 months of each product have been recorded and are available for future forecasting. The demand values for the 12 months of 2002 for one electrical fixture are presented in Table P-11. Use exponential smoothing with a smoothing constant of 5 and an initial value of 205 to forecast the demand for January 2003.