Question: 4.1.5 Question Below A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June

4.1.5 Question Below

4.1.5 Question Below A check-processing center

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 38 million, while the forecast was 42 million. A smoothing constant of 0.25 is used. a) Using exponential smoothing and given a, the forecast for the month of July = 41 million checks received (round your response to one decimal place). b) If the check-processing center received 44 million checks in the month of July, then using exponential smoothing and given a, the forecast for the month of August = million checks received (round your response to one decimal place)

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