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1. The management of the Big Pillow hotel wishes to adopt the moving average model to forecast the hotel's room revenues. The 5-day internal financial
1. The management of the Big Pillow hotel wishes to adopt the moving average model to forecast the hotel's room revenues. The 5-day internal financial data in a certain week are given in the following table: Monday Tuesday Days Wednesday Thursday Friday Occupancy #of Rooms Available Percentage (Occ. %) 200 200 200 200 200 40.00 63.00 58.00 85.00 90.00 Average Daily Rate (ADR) ($) 110.00 107.00 90.00 112.00 125.00 Based on the internal financial data, calculate the total room revenue for both Saturday and Sunday by applying 3-day moving average forecasting model.
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