Question: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 97 percent of capacity; actual

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 97 percent of capacity; actual August usage was 91 percent of capacity. A smoothing constant of .4 is used.

a.

Prepare a forecast for September.

b.

Assuming actual September usage of 92 percent, prepare a forecast for October usage.

c.

Please calculate MAD, MSE and MAPE if actual usage for October is 87

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