(Answered) Suppose that the actual demand in period 1 was 10 units and

Management Studies

Suppose that the actual demand in period 1 was 10 units and the actual demand in period 2 was 9 units. Assume that the forecast for period 1 was for 8 units. If the firm uses exponential smoothing with an alpha value of .1, what should be the forecast for period 3? (Round answers to two decimal places.)

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