Used exponential smoothing to forecast equipment

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A dry cleaner used exponential smoothing to forecast equipment usage as its main plant. August usage was forecasted to be 88 percent; actual usage was 89.6 percent of capacity. A smoothing constant of .1 was used.

A. Prepare a forecast for September

B. Assuming actual September usage of 92 percent, prepare a forecast for October usage.

Reference no: EM131027410

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