Prepare a forecast for september

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Reference no: EM13251469

A dry cleaner uses exponential smoothing to forecast equipment usuages at its main plant. August usage was forecasted to be 88 percent of capacity; actual usage was 89.6 percent of capacity. A smoothing constant of .1 is used.

a. Prepare a forecast for September.
b. Assuming actual September usuage of 92 percent, prepare a forecast for October usage

Reference no: EM13251469

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