A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to b
Posted: Sun Jun 05, 2022 10:34 pm
A dry cleaner uses exponential smoothing to forecast equipment
usage at its main plant. August usage was forecasted to be 45
percent of capacity; actual usage was 56 percent of capacity. A
smoothing constant of .20 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 63
percent, prepare a forecast for October usage. (Round
your answer to 2 decimal places.)
Forecast for October = ___________ percent of capacity
usage at its main plant. August usage was forecasted to be 45
percent of capacity; actual usage was 56 percent of capacity. A
smoothing constant of .20 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 63
percent, prepare a forecast for October usage. (Round
your answer to 2 decimal places.)
Forecast for October = ___________ percent of capacity