Question: Problem 1 The Sample Hotel uses the simplest time series approach for forecasting monthly revenues. The current year's revenues by department are multiplied by 1

for forecasting monthly revenues. The current year's revenues by department are multiplied

Problem 1 The Sample Hotel uses the simplest time series approach for forecasting monthly revenues. The current year's revenues by department are multiplied by 1 + x percent to forecast the next year's revenues. The current year's department revenues for January and percentage increases for the coming year are provided below. Required Calculate monthly forecasted revenues by department below: Department2 Rooms Food 20X1 Revenues $192,000 45,500 Percentage Increase 5% 20X2 Forecasted Revenues Forecasting Methods 46 18,200 Beverage Telecommunications 9,400 4% 2% Problem 2

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