[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 |
- What is the 3 -month moving average for January of the new year?
- Using the exponential smoothing factor $0.3$, how many check-ins can be forecasted for January?
- 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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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document
Deliverable: Word Document
