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(Solution Library) The manager of Good Rest Hotel wants to forecast the number of rooms booked next month. He has accumulated the following booking data

Question: The manager of Good Rest Hotel wants to forecast the number of rooms booked next month. He has accumulated the following booking data for the past eight months:

Month Rooms Booked
1 380
2 430
3 330
4 400
5 480
6 555
7 470
8 630
  1. Compute the exponentially smoothed forecast (=0.3) for the booking data.
  2. Compute the adjusted exponentially smoothed forecast ( for the booking data.
  3. Compare the two forecasts by using MAPD and indicate the most accurate of the two.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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