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sanchet Secure https://www.mathod.com aspx?homeworkld 501853822&iquestionld B8iflushed-truecld-52135698&centerwin yes OMG 322 FAII 2018 antonia sanchez 9/18/18 10 Homework: Chapter4 core: 0 of 1 pt roblem 44 A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks recerived in June was 40 milion, while the forecast was 42 million A smoc a) Using exponential smoothing and given a,the forecas for the month of uilion checks received (round your response to one decimal place) 4 10 of 16 (9 complete) HW Score: 45%, 9 -Question Hei constant of 025 is used More Enter your answer in the anewer box and then click Check Answer Check Answer Clear A O Type here to search

Explanation / Answer

Given,

Forecast for June (F) = 42 million

Actual for June (A) = 40 million

Alpha (a) = 0.25

Forecast for July (F1) = F + a(A-F)

            = 42 + 0.25(40-42) = 42 + 0.25(-2) = 42 – 0.5 = 41.5

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