Question: A cheque - processing centre uses exponential smoothing to forecast the number of incoming cheques each month. The number of cheques received in June was
A chequeprocessing centre uses exponential smoothing to forecast the number of incoming cheques each month. The number of cheques received in June was million while the forecast was million. A smoothing constant of is used.
Part
a Using exponential smoothingLOADING... and given alpha the forecast for the month of Julyequals
million cheques received. Round your response to one decimal place.
Part
b If the chequeprocessing centre received million cheques in the month of July, then using exponential smoothing and given alpha the forecast for the month of Augustequals
enter your response here million cheques received. Round your response to one decimal place.
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