Question: Problem 3 : A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. June usage was forecasted to be 9 0
Problem : A dry cleaner uses exponential smoothing to forecast equipment usage at its
main plant. June usage was forecasted to be percent of capacity; actual usage was
percent of capacity. A smoothing constant of is used.
Prepare a forecast for July.
Assuming actual July usage of percent, prepare a forecast for August
usage.
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