A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 42 million, while the forecast was 41 million. A smoothing constant of 0.15 is used.a) Using exponential smoothing and given a, the forecast for the month of July =million checks received (round your response to one decimal place).#f the check-processing center received 44 million checks in the month of July, then using exponential smoothing and given a, the forecast for the month of August =c) Exponential smoothing may not be an appropriate method to use for the check-processing center because:OA the cheat-processing center's forecast is very hard to make as its processing requirements should have a very high variability.OB the check-processing center should observe an increasing trend in its processing requirements.OC. the check-processing center should observe seasonality in its processing requirements.OD. the check-processing center should observe a cyclical trend in its processing requirements.million checks received (round your response to one decimal place)

Forecasting is knowing the part of future events by making predictions and estimates based on…

Answered: check-processing center uses…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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