Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant August usage was forecasted to be 53 percent of capacity actual

image text in transcribed
image text in transcribed

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant August usage was forecasted to be 53 percent of capacity actual usage was 52 percent of capacity A smoothing constant of 05 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 60 percent prepare a forecast for October usage Round your answer to 2 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic College Mathematics

Authors: Marvin L Bittinger, Judith A Beecher, Barbara L Johnson

12th Edition

0321925068, 9780321925060

More Books

Students also viewed these Mathematics questions