Question: Problem 3 - 3 ( Algo ) A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted
Problem Algo
A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be percent of capacity; actual usage was percent of capacity. A smoothing constant of is used.
a Prepare a forecast for September.
Note: Round your final answer to decimal places.
b Assuming actual September usage of percent, prepare a forecast for October usage.
Note: Round your answer to decimal places. Problem Algo
Air travel on Mountain Airlines for the past weeks was:
Use regression to develop a forecast for the expected number of passengers for the next three weeks.
Note: Round your answers to two decimal points.
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