Calculate the forecast for August using exponential smoothing method (Given: Forecast for July is 100 and = 0.30). [Select the appropriate range in which your answer falls.]

Month	Actual Demand
January	107
February	143
March	139
April	90
May	152
June	178
July	85

Question 3 options:

	More than 0 but less than or equal to 94
	More than 94 but less than or equal to 96
	More than 96 but less than or equal to 98
	More than 98 but less than or equal to 100
	none of the choices are correct