Suppose that simple exponential smoothing with 
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.
-At the beginning of April, what is the forecast of June's Pepsi sales?
Definitions:
Months
Periods into which a year is divided, each consisting of roughly 30 to 31 days, except for February which has 28 or 29 days.
Compounded Monthly
Interest that is calculated on the principal and the accumulated interest of previous periods on a monthly basis.
Loan
Money lent to a borrower, which is expected to be paid back with interest.
Interest Rate
The fraction of a loan billed as interest to the borrower, commonly expressed as a yearly percentage of the remaining loan amount.
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