Demand for Sony PlayStations has been on an upward trajectory due to growth in video gaming industry. Sony would like to apply either a double exponential smoothing forecast method or a trend projection using linear regression to forecast the demand. The following Table contains the last five months of total demand for the product in thousands. Month Demand (in thousands) 1 493 2 465 3 622 4 693 5 929 Compute double exponential smoothing forecast for Month 7. Begin with initial estimates at time Period 0 of Level Component, =282 and Trend Component, =97. Use the smoothing parameters =0.3 and =0.2 to compute the forecasts. Enter your final double exponential smoothing forecast for Month 7. Carry all calculations to at least 3 decimal places. Enter your final forecast in thousands rounded to 1 decimal place, i.e. enter your final answer in the same unit as the demand is given, there is no need for conversion