With alpha = 0.2, what is the simple exponential smoothing forecast for October? Assume the forecast for July was 80 rooms
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
Answer:
Demand Forecast
July 70 80
Aug 105 78
Sept 90 83.4
Oct 120 84.72
Nov 110 91.776
Dec 115 95.421
October forecast is 84.72
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