La Villa is a ski resort in the Italian Alps. Many guests visit the town; however, most

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La Villa is a ski resort in the Italian Alps. Many guests visit the town; however, most of them come in the winter season because of the phenomenal skiing. A group of hotels has analyzed their demand for the last three years (see the table below):

Year Quarter Demand 2012 1 22100 2 14900 3 13700 4 19000 2013 1 20100 17000 3 16500 4 18700 2014 1 23400 2 12100 13200 4 19700

Using a smoothing parameter of 0.25 and an initial forecast of 17,000, forecast demand for the first four quarters in 2015.

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Operations Management

ISBN: 9781260547610

2nd International Edition

Authors: Gerard Cachon, Christian Terwiesch

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Question Posted: Aug 13, 2020 05:40 AM

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La Villa is a ski resort in the Italian Alps. Many guests visit the town; however, most

Question:

Year Quarter Demand 2012 1 22100 2 14900 3 13700 4 19000 2013 1 20100 17000 3 16500 4 18700 2014 1 23400 2 12100 13200 4 19700

Step by Step Answer:

We forecast the demand for the next year as follows Season Quarter average SI 1 2186667 2 14...View the full answer

Operations Management

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