A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 88 percent of capacity; actual usage was 89.6 percent of capacity. A smoothing constant of .1 is used. A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 88 percent of capacity; actual usage was 89.6 percent of capacity. A smoothing constant of .1 is used.
a. Prepare a forecast for September. (Round your answer to 2 decimal places.) Forecast for September percent of capacity
b. Assuming actual September usage of 92 percent, prepare a forecast for October usage.(Round your answer to 2 decimal places.) Forecast for October percent of capacity