Question: Problem 1.3 Dry Cleaner A dry cleaner uses exponential smoothing to forecast equipment usage. The August forecast was 88% and the actual was 89.6%. Use

Problem 1.3 Dry Cleaner A dry cleaner uses

Problem 1.3 Dry Cleaner A dry cleaner uses exponential smoothing to forecast equipment usage. The August forecast was 88% and the actual was 89.6%. Use a smoothing constant of 0.1 Show the equations. a. Forecast September New Forecast = Last Forecast + Alpha x(Last Actual-Last Forecast) Sep = b. Forecast October if the September actual was 92% Oct =

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