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Problem 17 The Harris Hotel forecasts its breakfast customers based on (1) its prior night room guests count, (2) an estimated number of diners from

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Problem 17 The Harris Hotel forecasts its breakfast customers based on (1) its prior night room guests count, (2) an estimated number of diners from the local community, and (3) an estimated number of guests who are staying at a nearby limited-service hotel and will have breakfast at the Harris Hotel. The formula used is as follows: X = 30+.8(B) + 2(C) where X = forecasted breakfast customers B = number of prior night room guests at the Harris Hotel C = number of prior night room guests at the nearby limited-service hotel The estimated numbers of hotel guests are as follows: 200 100 Sunday Monday 300 140 120 310 320 310 Tuesday Wednesday Thursday Friday Saturday Required: 140 100 1. Forecast the number of breakfast covers for Monday through Saturday. 2. Comment on the relevance of a three-period moving average and of the causal approach used by the Harris Hotel

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