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 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 52 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.) Forecast for October percent of capacity
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 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 52 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.) Forecast for October percent of capacity
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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![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 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 52 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)
Forecast for October
percent of capacity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbe9c485f-7800-42c6-9e2a-230c778c41ae%2Faf89abc0-b6aa-4cce-b9cf-fc00fbfbfddf%2F3le27pc_processed.png&w=3840&q=75)
Transcribed Image Text: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 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 52 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)
Forecast for October
percent of capacity
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