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 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 8 83 78 75 81 86 85 89 90 86

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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Question

Need help with the forecast for year 10. Linear trend line

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

In the Bayside Fountain Hotel problem, compute a linear trend line forecast.
According to the result from Excel and/or POM-QM, the forecast for the year 10
would be (type number only, two decimals)
90.32

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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