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End of Chapter $3$ Problems

Problem $3-3($Algo$)$

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be $46$ percent of capacity; actual usage was $52$ percent of capacity. A smoothing constant of $10$ is used.

a$.$ Prepare a forecast for September.

Note: Round your final answer to $2$ decimal places.

Forecast for September

percent of capacity

b$.$ Assuming actual September usage of $53$ percent, prepare a forecast for October usage. Note: Round your answer to $2$ decimal places.

Forecast for October

percent of capacity

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