Question
The management of the Big Pillow hotel wishes to adopt the moving average model to forecast the hotel's room revenues. The five-day internal financial data
The management of the Big Pillow hotel wishes to adopt the moving average model to forecast the hotel's room revenues. The five-day internal financial data in a certain week is given in the table below:
Days
# of Rooms Available
Occupancy %
ADR
Mon.
200
40.00
$110.00
Tue.
200
63.00
$107.00
Wed.
200
58.00
$90.00
Thur.
200
85.00
$112.00
Fri.
200
90.00
$125.00
Based on the internal financial data, calculate the total room revenue for both Saturday and Sunday RESPECTIVELY by applying three-day moving average forecasting model.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
