Question: A management analyst is using exponential smoothing to predict merchandise returns at an upscale branch of a department store chain. Given an actual number of

A management analyst is using exponential smoothing to predict merchandise returns at an upscale branch of a department store chain. Given an actual number of returns of 35 items in the most recent period completed, a forecast of 49 items for that period, and a smoothing constant of 0.50, what is the forecast for the next period? Round your answer to 2 decimal places.

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