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:
Operating Activity
Operating activity involves the primary functions of a business that relate to its provision of goods and services to the market.
Expenses
Assets used up or services consumed in the process of generating revenues.
Retail Business
A business that sells goods or services directly to consumers for personal or household use.
Service Business
is a type of business that provides intangible products or services to consumers instead of physical goods.
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