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Suppose that simple exponential smoothing with alpha = 0.4 is used to forecast monthly wine sales at a liquor store. After April's demand is observed,

Suppose that simple exponential smoothing with alpha = 0.4 is used to forecast monthly wine sales at a liquor store. After April's demand is observed, the forecasted demand for May is 5000 bottles of wine. Suppose that actual demands during May and June are as follows: May, 5500 bottle of wine; June 4500 bottle of wine. After observing June's demand, what is the forecast for July's demand?

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