The U.S. trade deficit with Canada (billions of dollars) from 1997 through 2004 is reported as shown in the table. Using exponential smoothing and the smoothing constant α =7, what deficit would have been forecast for 2005?

Year:         1997     1998     1999     2000      2001     2002     2003     2004
Deficit:      $15.5    16.6       32.1     51.9       52.8      48.2       51.7      66.5