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Problem 3-3

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 60 percent of capacity; actual usage was 64 percent of capacity. A smoothing constant of 0.3 is used.

Prepare a forecast for September. (Round your final answer to 2 decimal places.)

Assuming actual September usage of 68 percent, prepare a forecast for October usage. (Round your answer to 2 decimal places.)

A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 60 percent of capacity; actual usage was 64 percent of capacity. A smoothing constant of 0.3 is used.

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