[See Solution] Given the following data on hotel check-ins for a 6 month period: Month Rooms July 70 August 105 September 90 October 120 November 110 December


Question: Given the following data on hotel check-ins for a 6 month period:

Month Rooms
July 70
August 105
September 90
October 120
November 110
December 115
January
  1. What is the 3 -month moving average for January of the new year?
  2. Using the exponential smoothing factor $0.3$, how many check-ins can be forecasted for January?
  3. If the forecast is 33 and the actual value is 44 , then the error for this period is:

e. If the forecast is 25 and the actual value is 25, then the error this period is:

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