Suppose that a simple exponential smoothing model is used (with 
= 0.40) to forecast monthly sandwich sales at a local sandwich shop.The forecasted demand for September was 1560 and the actual demand was 1480 sandwiches.Given this information,what would be the forecast number of sandwiches for October?
Definitions:
Periodic Interest Rate
The interest rate charged or earned over a particular period of time, often expressed as a percentage.
Annual Percentage
Often referred to in context of the annual percentage rate (APR), it represents the annual rate charged for borrowing or earned through an investment.
Return Requirement
The minimum rate of return an investor expects to achieve on an investment, influencing the types of assets included in their portfolio.
Cash Flows
The aggregate money movement into and out of an enterprise, significantly impacting its cash on hand.
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