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The following table shows the actual demand observed over the last 11 years: Year 2 3 4 5 6 7 8 9 10 11 Demand
The following table shows the actual demand observed over the last 11 years: Year 2 3 4 5 6 7 8 9 10 11 Demand 8 10 4 9 13 7 11 13 9 11 6 Using exponential smoothing with a = 0.40 and a forecast for year 1 of 7.0, provide the forecast from periods 2 through 12 (round your responses to one decimal place). Year 1 2 3 4 5 6 7 8 9 10 11 12 Forecast 7.0 Provide the forecast from periods 2 through 12 using the naive approach (enter your responses as whole numbers). Year 2 3 4 5 6 7 8 9 10 11 12 Forecast
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