Question: A dry cleaner uses exponential smoothing to forcast equipment usage at its plant. August usage was forcasted to be 5 2 percent of capacity; actual
A dry cleaner uses exponential smoothing to forcast equipment usage at its plant. August usage was forcasted to be percent of capacity; actual usage was percent of capacity. A smothing constant of is used. Problem Algo
A dry cleaner uses exponential smoothing to forecast equipment usage at
its main plant. August usage was forecasted to be percent of capacity;
actual usage was percent of capacity. A smoothing constant of is
used.
a Prepare a forecast for September.
Note: Round your final answer to decimal places.
Forecast for September
percent of capacity
b Assuming actual September usage of percent, prepare a forecast
for October usage.
Note: Round your answer to decimal places.
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