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2. The Oceanside Hotel is adjacent to City Coliseum, a 24,000-seat arena that is home to the city's professional basketball and ice hockey teams
2. The Oceanside Hotel is adjacent to City Coliseum, a 24,000-seat arena that is home to the city's professional basketball and ice hockey teams and that hosts a variety of concerts, trade shows, and conventions throughout the year. The hotel has experienced the following occupancy rates for the nine years since the coliseum opened: Year 1 2 3 4 5 6 7 8 9 Occupancy Rate 75% 70% 72% 77% 83% 81% 86% 91% 87% Compute an exponential smoothing forecast with a = 0.20, an adjusted exponential smoothing forecast with a = 0.20 and = 0.20, and a linear trend line forecast. Compare the three forecasts using MAD and average error (), and indicate which forecast seems to be most accurate.
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