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Suppose that simple exponential smoothing with a=0.40 is used to forecast monthly wine sales at a store. After Aprils demand is observed, the forecasted demand
Suppose that simple exponential smoothing with a=0.40 is used to forecast monthly wine sales at a store. After Aprils demand is observed, the forecasted demand for may is 5000 bottles. Suppose that tactual demands during mar and June are as follows: may 5500, June 4500, after observing June's demand, what is the forecast for July's demand
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