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Given the following data on hotel check-i...
Business, 04.04.2020 11:18 Jlynbodmer
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Given the following data on hotel check-ins for a 6-month period:
July: 70 rooms
August: 105 rooms
September: 90 rooms
October: 120 rooms
November: 110 rooms
December: 115 rooms
a) What is the 3-month weighted moving average forecast for January, using weights of 3, 2 and 1, with the heaviest weight being applied to the most recent month?
110.8
114.2
115
115.8
b) With alpha = 0.2, determine the exponential smoothing forecast for October, November and December? Assume the forecast for July was 80 rooms.
FOR THE FORECAST VALUE, give answer to two decimal places
October
November
December
SHOW ALL WORKING. MUST BE CLEAR
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