Room registrations in the Toronto Towers Plaza Hotel have been recorded for the past 9 years. To project future occu-pancy, management would like to determine the mathemati-cal trend of guest registration. This estimate will help the hotel determine whether future expansion will be needed. Given the following time-series data, develop a regression equation relat-ing registrations to time (e.g., a trend equation). Then forecast year 11 registrations. Room registrations are in the thousands:Year 1: 17 Year 2: 16 Year 3: 16 Year 4: 21 Year 5: 20Year 6: 20 Year 7: 23 Year 8: 25 Year 9: 24

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Room registrations in the Toronto Towers Plaza Hotel have

been recorded for the past 9 years. To project future occu-
pancy, management would like to determine the mathemati-
cal trend of guest registration. This estimate will help the hotel

determine whether future expansion will be needed. Given the

following time-series data, develop a regression equation relat-
ing registrations to time (e.g., a trend equation). Then forecast

year 11 registrations. Room registrations are in the thousands:
Year 1: 17 Year 2: 16 Year 3: 16 Year 4: 21 Year 5: 20
Year 6: 20 Year 7: 23 Year 8: 25 Year 9: 24

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