Question: Please explain the answer Thank you PROBLEM SITUATION #6 Art Gowan's microbrewery had forecast sales of $220,000 for the last month. The actual sales turned

Please explain the answer Thank you PROBLEM

Please explain the answer

Thank you

PROBLEM SITUATION #6 Art Gowan's microbrewery had forecast sales of $220,000 for the last month. The actual sales turned out to be $250,000. 1. What is the forecast for this month using exponential smoothing and a smoothing constant of 0.3? a. $184,000 b. $235,000 c. $211,000 d. $229,000 e. none of the above 2. If actual sales turn out to be $240,000 this month, what would be the forecast for next month using exponential smoothing with a smoothing constant of 0.3? a. $241,000 b. $232,300 c. $229,000 d. $220,400 none of the above e

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