Question: A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 42 million,

A check-processing center uses exponential

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 42 million, while the forecast was 43 million. A smoothing constant of 0.25 is used. a) Using exponential smoothing and given a, the forecast for the month of July = 42.8 million checks received (round your response to one decimal place). b) If the check-processing center received 46 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). Enter your answer in the answer box and then click Check Answer. part Check Answer remaining Clear All

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