Given the following data on hotel check-ins for a 6-month period:

July: &emsp; &emsp; 70 rooms
August: &emsp; &emsp; 105 rooms
September: &emsp; &emsp; 90 rooms
October: &emsp; &emsp; 120 rooms
November:&emsp; &emsp; 110 rooms
December: &emsp; &emsp; 115 rooms

-With alpha = 0.2, what is the simple exponential smoothing forecast for October? Assume the forecast for July was 80 rooms.

Question

Given the following data on hotel check-ins for a 6-month period:

July: &emsp; &emsp;	70 rooms 
	August: &emsp; &emsp;	105 rooms 
	September: &emsp; &emsp;	90 rooms 
	October: &emsp; &emsp;	120 rooms 
	November:&emsp; &emsp; 	110 rooms 
	December: &emsp; &emsp;	115 rooms

-With alpha = 0.2, what is the simple exponential smoothing forecast for October? Assume the forecast for July was 80 rooms.

Quizplus · Accepted Answer

The Answer of Given the following data on hotel check-ins for a 6-month period:

July: &emsp; &emsp;	70 rooms 
	August: &emsp; &emsp;	105 rooms 
	September: &emsp; &emsp;	90 rooms 
	October: &emsp; &emsp;	120 rooms 
	November:&emsp; &emsp; 	110 rooms 
	December: &emsp; &emsp;	115 rooms

-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