Question 51 pts

A drive-in restaurant has experienced the following customer loads on the past 8 Friday nights. If their forecast for period 7 was 62 customers, what is their forecast for period number 8 using exponential smoothing and a smoothing constant of 0.7? Show work.

Friday	No. of customers
1	49
2	55
3	57
4	59
5	56
6	61
7	55
8	63

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