Consider the following sales data. The sales data follow a seasonal (quarterly) trend. What is the forecasted sales for the first quarter of 2021? Use a smoothing parameter of 0.7.

Year	Qtr	Actual Sales
2016	1	$684.2
	2	$584.1
	3	$765.4
	4	$892.3
2017	1	$885.4
	2	$677.0
	3	$1,006.6
	4	$1,122.1
2018	1	$1,163.4
	2	$993.2
	3	$1,312.5
	4	$1,545.3
2019	1	$1,596.2
	2	$1,260.4
	3	$1,735.2
	4	$2,029.7
2020	1	$2,107.8
	2	$1,650.3
	3	$2,304.4
	4	$2,639.4
2021	1	--
	2	--
	3	--
	4	--