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Need help computing the mad with both a=.20 and b =.20 values

Need help computing the mad with both a=.20 and b =.20 values

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Need help computing the mad with both a=.20 and b =.20 values
In the Bayside Fountain Hotel problem, for the adjusted exponentially smoothed forecast with a = .20 and B = .20, compute the mean absolute deviation (MAD) via Excel and/or POM-QM. It is (type number only, two decimals) 80.16
Transcribed Image Text:In the Bayside Fountain Hotel problem, for the adjusted exponentially smoothed forecast with a = .20 and B = .20, compute the mean absolute deviation (MAD) via Excel and/or POM-QM. It is (type number only, two decimals) 80.16
The Bayside Fountain Hotel is adjacent to County Coliseum, a 24,000- seat arena that is home to the city's professional basketball and ice hockey teams and that hosts a variety of concerts, trade shows, and conventions throughout the year. The hotel has experienced the following occupancy rates for the past 9 years, since the coliseum opened. Compute an exponentially smoothed forecast with an a value of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5 would be (type number only, two decimals) Year Occupancy Rate (%) 1 2 3 4 5 6 7 89 80.68 83 78 75 81 86 85 89 90 86
Transcribed Image Text:The Bayside Fountain Hotel is adjacent to County Coliseum, a 24,000- seat arena that is home to the city's professional basketball and ice hockey teams and that hosts a variety of concerts, trade shows, and conventions throughout the year. The hotel has experienced the following occupancy rates for the past 9 years, since the coliseum opened. Compute an exponentially smoothed forecast with an a value of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5 would be (type number only, two decimals) Year Occupancy Rate (%) 1 2 3 4 5 6 7 89 80.68 83 78 75 81 86 85 89 90 86
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