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 3: A dry cleaner uses exponential smoothing to forecast equipment usage at its
main plant. June usage was forecasted to be 90 percent of capacity; actual usage was 93.60
percent of capacity. A smoothing constant of .1 is used.
1. Prepare a forecast for July.
2. Assuming actual July usage of 95 percent, prepare a forecast for August
usage.
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