A company that distributes health food products uses simple

A company that distributes health food products uses simple exponential smoothing with a smoothing parameter of 045 to forecast the weekly demand for its brand of oat-bran cereal The most recent 6 weeks of demand (number of boxes ordered) for this product are shown below To initialize the forecasts the company simply uses the ?rst value of the demand series, 804 Fill in the smoothed values associated with each week, and then give a forecast for week 7Note that some of the intermediate values have been computed for you Do all calculations to at least three decimal places Week Demand Smoothed SeriesA(I) (yf) (y t) -——m I’—ll—_n Forecast for week 7 = I]