Question: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 90% of capacity; actual usage

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 90% of capacity; actual usage was 92% of capacity. A smoothing constant of 0.2 is used. Assuming an actual September usage of 92%, what would be the October forecast in %? Hint: first calculate Sept forecast.

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