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15 August, 11:31

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

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Answers (1)
  1. 15 August, 14:30
    0
    forecast on equipment usuge by a Dry cleaner

    Explanation: For Sept 88,91,94 and 97

    october-94,97,
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