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22 November, 19:25

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 50 percent of capacity; actual usage was 52 percent of capacity. A smoothing constant of. 10 is used. a. Prepare a forecast for September. (Round your final answer to 2 decimal places.)

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  1. 22 November, 19:51
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    Forecast usage = 50 %

    Actual Usage = 52%

    smoothing constant = 0.10

    ⇒ 50 + 0.10 (52 - 50)

    ⇒ 50 + 0.10 (2)

    ⇒ 50 + 0.2 = 50.20
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