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A small Italian restaurant wants to forecast pepperoni pizza sales. Actual sales and forecasts for the...

A small Italian restaurant wants to forecast pepperoni pizza sales. Actual sales and forecasts for the past several months are shown below. The owner prefers to use an exponential smoothing forecasting model with αλπηα&νβσπ; = 0.30. What would be the exponential smoothing forecast for June?

Period Demand Forecast

April 500 480

May 476

June 503

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