Information about forecast analysis

Reference no: EM1398623

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 team and that host 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:

Year Occupancy Rate

1 83

2 78

3 75

4 81

5 86

6 85

7 89

8 90

9 86

Compute an exponential smoothing forecast with a =.20, an adjusted exponential smoothing forecast with a = .20 and B =.20 and a linear forecast. Compare the three forecast, using MAD and average error (E) and indicate which seem to be most accurate.

Reference no: EM1398623

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Information about forecast analysis : Compute an exponential smoothing forecast with a =.20, an adjusted exponential smoothing forecast with a = .20 and B =.20 and a linear forecast. Compare the three forecast, using MAD and average error (E) and indicate which seem to be most accurat..

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