Question: This question and the next two are based on the following information: Suppose that simple exponential smoothing with alpha = 0 . 3 0 is
This question and the next two are based on the following information:
Suppose that simple exponential smoothing with alpha is used to forecast monthly Pepsi sales at a small grocery store. After March's demand is observed, the forecasted demand for April is cans of Pepsi. Suppose that actual demands during April and May are as follows: April cans; May cans. What is the forecast for May's demand?
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