Question: Problem 3-3 (Algo) A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 51 percent

Problem 3-3 (Algo)

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 51 percent of capacity; actual usage was 56 percent of capacity. A smoothing constant of .10 is used.

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

b. Assuming actual September usage of 47 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)

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