Uses exponential smoothing to forecast equipment

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A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 49 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 56 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)

Forecast for October percent of capacity

Reference no: EM132261349

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