The manager of Good Rest Hotel wants to forecast the number of rooms booked next month. He has accum
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 |
a) Compute the exponentially smoothed forecast (?=0.3) for the booking data.
b) Compute the adjusted exponentially smoothed forecast (????????????? for the booking data.
c) Compare the two forecasts by using MAPD and indicate the most accurate of the two.
Price: $2.99
Solution: The answer consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
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