Exponential smoothing to forecast equipment

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Reference no: EM132209778

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 47 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 51 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)

Forecast for October ______ percent of capacity.

Reference no: EM132209778

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