What is the forecast for May using the exponential smoothing method with an alpha equal to 0.40 ? [Note: An initial value for the forecast is not given.] 59.071 58.443 62.281 What is the forecast for May if the three-month weighted moving average method is used? [Note: Use weights of 0.6 for the most recent demand, 0.3 , and 0.1 for the oldest demand.] 58.300 64.600 What is the forecast for May using the three-month moving average method? 58.333 64.667 What is the forecast for May if the four-month weighted moving average method is used? [Note: Use weights of 0.4 for the most recent demand, 0.3,0.2, and 0.1 for the oldest demand.] 58.600 58.900 Use the following problem statement to answer questions 1-6. Demands for a newly developed salad bar at the PQR restaurant for the first four months of this year are shown in the table below. Answer the following questions. Round to three decimal places. What is the forecast for May if the two-month moving average method is used? 60.294 61.000 57.000 Using the exponential smoothing method with an alpha equal to 0.4 , what is the forecast for May? [Note: An initial value for the forecast is given. The forecasted demand for March is 63 units.] 59.640 65.720 61.520