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Using = 0.4 and the following data, compute exponential smoothing forecasts for periods 2 through 8. (Round your intermediate calculations and final answers to 2
Using = 0.4 and the following data, compute exponential smoothing forecasts for periods 2 through 8. (Round your intermediate calculations and final answers to 2 decimal places.)
Period: | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Forecast: | 10 | ||||||
Actual demand: | 14 | 17 | 16 | 18 | 15 | 18 | 16 |
\begin{tabular}{|c|c|} \hline Period & ExponentialSmoothingForecasts \\ \hline 2 & \\ \hline 3 & \\ \hline 4 & \\ \hline 5 & \\ \hline 6 & \\ \hline 7 & \\ \hline 8 & \\ \hline \end{tabular}
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