Calanute Beach Resort, a fictional seaside luxury hotel in Goa, India, had the following occupancy rates for 12 months in 2014 Month Occupancy Rate in % 1 65 2 68 3 72 4 75 5 78 6 83 7 92 8 88 9 76 10 65 11 64 12 69 a Forecast the occupancy rate for January2015 using simple exponential smoothing with α = 0.4. Assume that the forecast for Month 2 (F2) is 65%. b Forecast the January 2015 occupancy rate using trend-adjusted simple exponential smoothing with α = 0.4 and β = 0.2. Assume that the forecast for Month 2 (F2) is 68% and the trend factor for Month 2 is T2 = 0.
Calanute Beach Resort, a fictional seaside luxury hotel
in Goa, India, had the following occupancy rates for 12
months in 2014
Month Occupancy
Rate in %
1 65
2 68
3 72
4 75
5 78
6 83
7 92
8 88
9 76
10 65
11 64
12 69
a
simple exponential smoothing with α = 0.4. Assume
that the forecast for Month 2 (F2) is 65%.
b Forecast the January 2015 occupancy rate using
trend-adjusted simple exponential smoothing with
α = 0.4 and β = 0.2. Assume that the forecast for Month 2
(F2) is 68% and the trend factor for Month 2 is T2 = 0.
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