Question: Simple exponential smoothing is being used to forecast demand. The previous actual demand of 65 turned out to be 5 units higher than forecasted demand.

Simple exponential smoothing is being used to forecast demand. The previous actual demand of 65 turned out to be 5 units higher than forecasted demand. Using a smoothing constant of 0.3, what would the forecast for the next period be?(Answer to 1 decimal place)

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