Question: Problem 3-3 A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 80 percent of

Problem 3-3

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 80 percent of capacity; actual usage was 84 percent of capacity. A smoothing constant of 0.2 is used.

a.

Prepare a forecast for September. (Round your final answer to 2 decimal places.)

Forecast for September percent of capacity

b.

Assuming actual September usage of 88 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)

Forecast for October percent of capacity

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