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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 teams and that hosts 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. Compute an exponentially smoothed forecast with an a value of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5 would be (type number only, two decimals) Year Occupancy Rate (%) 1 2 3 4 5 6 7 8 83 78 75 81 86 85 89 90 86

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 teams and that hosts 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. Compute an exponentially smoothed forecast with an a value of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5 would be (type number only, two decimals) Year Occupancy Rate (%) 1 2 3 4 5 6 7 8 83 78 75 81 86 85 89 90 86

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 12PPS
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Need help with the forecast for year 4
In the Bayside Fountain Hotel problem, compute an adjusted exponentially smoothed forecast with a = .20 and B = .20. According to the result from Excel and/or POM-QM, the forecast for the year 4 would be (type number only, two decimals) 82.34
Transcribed Image Text:In the Bayside Fountain Hotel problem, compute an adjusted exponentially smoothed forecast with a = .20 and B = .20. According to the result from Excel and/or POM-QM, the forecast for the year 4 would be (type number only, two decimals) 82.34
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 teams and that hosts 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. Compute an exponentially smoothed forecast with an a value of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5 would be (type number only, two decimals) Year Occupancy Rate (%) 1 2 3 4 5 6 7 8 9 83 78 75 81 86 85 89 90 86
Transcribed Image Text: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 teams and that hosts 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. Compute an exponentially smoothed forecast with an a value of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5 would be (type number only, two decimals) Year Occupancy Rate (%) 1 2 3 4 5 6 7 8 9 83 78 75 81 86 85 89 90 86
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