The Oceanside Hotel is adjacent to City Coliseum, a 24,000-seat arena that is home to the citys
Question:
Year Occupancy Rate
1 ..........75%
2 ...........70
3 ...........72
4 ...........77
5 ...........83
6 ...........81
7 ...........86
8 ...........91
9 ...........87
Compute an exponential smoothing forecast with α = 0.20, an adjusted exponential smoothing forecast with α = 0.20 and β = 0.20, and a linear trend line forecast. Compare the three forecasts using MAD and average error (Eˉ), and indicate which forecast seems to be most accurate.
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Related Book For
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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