5 Calanute Beach Resort, a fictional seaside luxury hotel | in Goa, India, had the following occupancy rates for 12 months in 2014 Occupancy Rate Month in % 1 65 68 3 72 4 75 78 83 7 92 8 88 76 10 65 11 64 12 69 Forecast the occupancy rate for January2015 using simple exponential smoothing with a = 0.4. Assume a that the forecast for Month 2 (F2) is 65%. b Forecast the January 2015 occupancy rate using trend-adjusted simple exponential smoothing with a -0.4 and B-0.2. Assume that the forecast for Month 2 (F2) is 68% and the trend factor for Month 2 is T2 0.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 12CC: Suppose that the initial size of a population is n0 and the population grows exponentially. Let n(t)...
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5 Calanute Beach Resort, a fictional seaside luxury hotel
in Goa, India, had the following occupancy rates for 12
months in 2014
Occupancy Rate
Month
in %
1
65
2
68
3.
72
4
75
5
78
83
7
92
8
88
9
76
10
65
11
64
12
69
a
Forecast the occupancy rate for January2015 using
simple exponential smoothing with a = 0.4. Assume
that the forecast for Month 2 (F2) is 65%.
b
|Forecast the January 2015 occupancy rate using
|trend-adjusted simple exponential smoothing with
a = 0.4 and ß = 0.2. Assume that the forecast for Month 2
(F2) is 68% and the trend factor for Month 2 is T2 = 0.
Transcribed Image Text:5 Calanute Beach Resort, a fictional seaside luxury hotel in Goa, India, had the following occupancy rates for 12 months in 2014 Occupancy Rate Month in % 1 65 2 68 3. 72 4 75 5 78 83 7 92 8 88 9 76 10 65 11 64 12 69 a Forecast the occupancy rate for January2015 using simple exponential smoothing with a = 0.4. Assume that the forecast for Month 2 (F2) is 65%. b |Forecast the January 2015 occupancy rate using |trend-adjusted simple exponential smoothing with a = 0.4 and ß = 0.2. Assume that the forecast for Month 2 (F2) is 68% and the trend factor for Month 2 is T2 = 0.
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