Question: Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the

Using Single or Simple exponential smoothing (SES) technique, what will be the forecasted sale for the month of June? Please see the example in the excel sheet.

F_t+1 = F_t+ a(A_t- F_t)

F_t+1 = Forecast value for time t+1

A_t = Actual value at time t

a = Smoothing constant

Considering the smoothing constant a = 0.6, Initial forecast = 120,000

Month	Actual Sales USD	Forecast
January	95,000
February	92,000
March	81,000
April	77,000
May	86,000
June		June sales?

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