Please show calculator steps pter 3 Homework Problem 3-3 A dry cleaner uses expo

Question

Please show calculator steps
pter 3 Homework Problem 3-3 A dry cleaner uses exponential percent of capacity, actual usage was 52 percent of capacity A smoothing constant of 05 is used a. Prepare a forecast for September. (Round your final answer to 2 decimel places) smoothing to forecast equipment usage at its main plant August usage was forecasted to be 45 Forecast for September percent of capacity b. Assuming actusl September Forecast for October usage of 52 percent, prepare a forecast for October usage (Round your answer to 2 decimal places) percent of capacity Reterences

Explanation / Answer

here as forecast =alpha*last month actual+(!-alpha)*last month forecast

therefore forecast for september =0.05*52+(1-0.05)*45 =45.35 percent

forecast for october =0.05*52+(1-0.05)*45.35=45.68 percent

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