Question: Historical demand for a product is given below. Using single exponential smoothing with a = 0.5 and a June forecast of 399.56, what is the

Historical demand for a product is given below.

Historical demand for a product is given below. Using single exponential smoothing with a = 0.5 and a June forecast of 399.56, what is the forecast for July? (carry to 2 decimal places) Month Demand Forecast January |400 February 380 March 411 April 1415 |May 392 llune 372 399.56

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