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 8 83 78 75 81 86 85 89 90 86
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 8 83 78 75 81 86 85 89 90 86
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Need help with the forecast for year 4
Transcribed Image Text:In the Bayside Fountain Hotel problem, compute an adjusted exponentially smoothed
forecast with a = .20
and B = .20. According to the result from Excel and/or POM-QM, the forecast for the
year 4 would be (type number only, two decimals)
82.34
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
8
9
83
78
75
81
86
85
89
90
86
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