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Assume That the Forecasted Demand for 2006 Is 15  Year  Demand 200616200720200818\begin{array} { c c } \text { Year } & \text { Demand } \\\hline 2006 & 16 \\2007 & 20 \\2008 & 18 \\\hline\end{array}

Question 71

Essay

Assume that the forecasted demand for 2006 is 15. Use the following data set and exponential smoothing with α = 0.4 and determine the forecasted demand for 2009.  Year  Demand 200616200720200818\begin{array} { c c } \text { Year } & \text { Demand } \\\hline 2006 & 16 \\2007 & 20 \\2008 & 18 \\\hline\end{array}

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F2007 = 15...

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