PROBLEM $2$

A laundry company uses exponential smoothing to forecast equipment usage at its main facility. January usage was forecasted to be $90$ percent of capacity; actual usage was $85$ percent of capacity. A smoothing constant of $0\mathrm{.}2$ is used.

a$.$ Prepare a forecast for February using exponential smoothing method.

b$.$ Assuming actual February usage of $92$ percent, prepare a forecast for March.

Round off your answers to $2$ decimal places only if necessary.

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