Illustrate what is the forecast for period three

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Reference no: EM13104873

Q. Given the following data, use exponential smoothing (α = .2) to develop a demand forecast for period 3. Assume the forecast for the initial period (period 1) is 5. Illustrate what is the forecast for period 3?

(Note: You do not need additional information to answer this question).

Period
Demand
1
7
2
9

Reference no: EM13104873

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