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The JP Resort Hotel is adjacent to County Coliseum, a 24,000-seat arena that is home to the city's professional basketball and ice hockey teams and

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The JP Resort Hotel is adjacent to County 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 past 9 years, since the coliseum opened. (15 points) Occupancy Year Rate (%) 1 80 2 75 3 72 4 85 5 81 6 80 7 84 8 89 9 83 Compute an exponential smoothing forecast with alpha=0.30, and a two year moving average forecast. Compare the two models using average error (Ebar) and indicate which seems to be most accurate

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