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1. Suppose that simple exponential smoothing with =0.30 is used to forecast monthly Pepsi sales at a small grocery store. After March's demand is observed,

1. Suppose that simple exponential smoothing with =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. After observing May's demand, what is the forecast for June's demand? 2. 3

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