Question: 3 a ) What advantage as a forecasting tool does exponential smoothing have over moving average? 3 b ) A dry cleaner uses exponential smoothing
a What advantage as a forecasting tool does exponential smoothing have over moving average?
b A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. January usage was forecast to be and actual usage was of capacity. A smoothing constant of is in use.
i Prepare a forecast for February.
ii Assuming actual February usage was prepare a forecast for March usage.
c A manufacturing engineer records the number of toasters ordered during the last five weeks as follows:
tableWEEKREQUESTS
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