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Question - Given the following data on hotel check-ins for a 6-month period:
July: 70 rooms
August: 105 rooms
September: 90 rooms
October: 120 rooms
November: 130 rooms
December: 115 rooms
i) What is the 3-month moving average forecast for January?
ii) With alpha = 0.3, what is the simple exponential smoothing forecast for October? Assume the forecast for July was 75 rooms.
iii) Using a weighted moving average with weights of 0.6, 0.3, and 0.1 (from most recent), how many check-ins can be forecasted for January?
iv) Using the exponential smoothing factor 0.75, how many check-ins can be forecasted for January? Assume the forecast for November was 122 rooms.
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