Question: value: 30.00 points Forecasting Question #1 Use exponential smoothing, with alpha=0.5, to calculate the forecasts for percent utilization below. June's forecast was 50% utilization and

value: 30.00 points Forecasting Question #1 Use

value: 30.00 points Forecasting Question #1 Use exponential smoothing, with alpha=0.5, to calculate the forecasts for percent utilization below. June's forecast was 50% utilization and actual usage was 54% utilization. a. Calculate the forecast of percent utilization for July. (Round your final answer to 2 decimal places.) Forecast for July percent of utilization b. If usage in July was 58 percent, calculate the forecast of percent utilization for August. (Round your answer to 2 decimal places.) Forecast for August Forecast for August percent of capacity

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