Question: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 4 6 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. Round your final answer to decimal places.
Answer is complete and correct.
b Assuming actual September usage of percent, prepare a forecast for October usage. Round your answer to decimal places.
Answer is not complete.
Forecast for October
percent of capacity
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