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The Bayside Hotel wants to develop forecasts for occupancy rates based on the occupancy rates for the past 9 years: Year 1 2 3 4 5 6 7 8 9 10 Occupancy Rate 0.83 0.78 0.75 0.81 0.86 0.85 0.89 0.90 0.86 ? If the coefficients for a linear trendline were a = 0.73 and b=0.018. what would the forecast for Year 10 be?

The Bayside Hotel wants to develop forecasts for occupancy rates based on the occupancy rates for the past 9 years: Year 1 2 3 4 5 6 7 8 9 10 Occupancy Rate 0.83 0.78 0.75 0.81 0.86 0.85 0.89 0.90 0.86 ? If the coefficients for a linear trendline were a = 0.73 and b=0.018. what would the forecast for Year 10 be?

MATLAB: An Introduction with Applications
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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The Bayside Hotel wants to develop forecasts for occupancy rates based on the occupancy rates for the past 9 years: Year 1 2 3 4 5 6 7 8 9 10 Occupancy Rate 0.83 0.78 0.75 0.81 0.86 0.85 0.89 0.90 0.86 ? If the coefficients for a linear trendline were a = 0.73 and b = 0.018. what would the forecast for Year 10 be?
Transcribed Image Text:The Bayside Hotel wants to develop forecasts for occupancy rates based on the occupancy rates for the past 9 years: Year 1 2 3 4 5 6 7 8 9 10 Occupancy Rate 0.83 0.78 0.75 0.81 0.86 0.85 0.89 0.90 0.86 ? If the coefficients for a linear trendline were a = 0.73 and b = 0.018. what would the forecast for Year 10 be?
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