Question: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 48 percent of capacity; actual

  1. A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 48 percent of capacity; actual usage was 52 percent of capacity. A smoothing constant of .20 is used.
    1. Prepare a forecast for September.
    2. Assuming actual September usage of 55 percent, prepare a forecast for October usage.

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