Question: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 8 8 percent of capacity
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.
b Assuming actual September usage of percent, prepare a forecast for October usage.
An electrical contractor's records during the last five weeks indicate the number of job requests:
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