Question: Using a simple exponential smoothing model with a smoothing constant of 0.40 and given that the forecasted sales for May were 36.25, the sales forecast

Using a simple exponential smoothing model with a smoothing constant of 0.40 and given that the forecasted sales for May were 36.25, the sales forecast for july is: Month Sales January 35 February 29 March 39 April 42 May 51 June 56 Less than or equal to 35 More than 35 but less than or qual to 40 More than 40 but less than or equal to 45 More than 45 but less than or equal to 50 More than 50 but less than or equal to 55 Greater than 55

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