Question: A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. Thi number of checks received in June was 40 million,

A check-processing center uses exponential
A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. Thi number of checks received in June was 40 million, while the forecast was 41 million. A smoothing constant of 0.25 is used. a) Using exponential smoothing and given , the forecast for the month of July =40.8 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 , the forecast for the month of August = million checks received (round your response to one decimal place)

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