1-What are some of the consequences of poor forecasts? 2-A dry cleaner uses exponential smoothing to forecast...

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1-What are some of the consequences of poor forecasts?

2-A dry cleaner uses exponential smoothing to forecast equipment usage as its main plant. August usage was forecasted to be 88% of capacity. Actual usage was 89.6% of capacity. A smoothing constant of .1 is used.

Generate a forecast for September
Assuming actual September usage of 92%, prepare a forecast for October usage.

Posted Date: May 18, 2024 03:06 AM

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1-What are some of the consequences of poor forecasts? 2-A dry cleaner uses exponential smoothing to forecast...

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