A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 51 percent of capacity;
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. 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 47 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.) Forecast for October percent of capacity
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Step: 1
a Prepare a forecast for September The forecast for September is calculated using the following ...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
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