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=0.30 is used to forecast monthly Pepsi sales at a small grocery store. After March's demand is observed, the forecasted demand for April is 5000 cans of Pepsi. Suppose that actual demands during April and May are as follows: April 5500 cans; May 4500 cans. What is the forecast for May's demand?
Question 23 options:
5150
5250
5350

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