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    A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 44 million. A smoothing constant of .2 is used.

    What is the forecast for July?

    ____________ million checks
    Round your answer to 1 decimal place; for example, 12.3 .

    If the center received 45 million checks in July, what would be the forecast for August?

    ____________ million checks
    Round your answer to 1 decimal place; for example, 12.3 .

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    https://brainmass.com/business/strategy-and-business-analysis/exponential-smoothing-162853

    Solution Preview

    Hi,

    Forecast for June = 44 million
    Actual demand for June = 40 million

    Alpha (smoothing constant) = ...

    Solution Summary

    Solution contains calculations of expected number of checks receivable in July.

    $2.49

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