Question: A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 47 percent of capacity; actual

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 47 percent of capacity; actual usage was 56 percent of capacity. A smoothing constant of 10 is used. a. Prepare a forecast for September. (Round your final answer to 2 decimal places.) b. Assuming actual September usage of 51 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.) Given the following demand dato, compute a simple exponential smoothing forecast for apha values of 0.3 and 0.5. Use the actual vatue in Period 1 as your starting forecast in Period 2. (Round all your calculations to two decimal noints.)

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