Given the following data on hotel check-ins for a 6-month period. July XXXXXXXXXX rooms Aug XXXXXXXXXX rooms Sept XXXXXXXXXXrooms Oct XXXXXXXXXX48 rooms Nov

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Given the following data on hotel check-ins for a 6-month period. July 45 rooms Aug 36 rooms Sept 52 rooms Oct 48 rooms Nov

Answered Same DayDec 25, 2021

Answer To: Given the following data on hotel check-ins for a 6-month period. July XXXXXXXXXX rooms Aug...

Robert answered on Dec 25 2021
131 Votes
The exponential smoothing forecast for month ‘t’ is given by,
1 1(1 )t t tF D A    
The
forecast using the exponential smoothing method with = 0.1 is given in the following
table.
Month Last Year Forecast Error
January 510 1063 -553
February 383 1008 -625
March 1403 945 458
April 1913 991 922
May 1148 1083 65
June 893 1090 -197
July 829 1070 -241
August 638 1046...
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