Question
The management of the Big Pillow hotel wishes to adopt the moving average model to forecast the hotels room revenues. The 5-day internal financial data
The management of the Big Pillow hotel wishes to adopt the moving average model to forecast the hotels room revenues. The 5-day internal financial data in a certain week are given in the following table:
Days #of Rooms Available Occupancy Percentage (Occ. %) Average Daily Rate (ADR) ($)
Monday 200 40.00 110.00
Tuesday 200 63.00 107.00
Wednesday 200 58.00 90.00
Thursday 200 85.00 112.00
Friday 200 90.00 125.00
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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Financial Accounting
Authors: Joe Ben Hoyle, C.J. Skender, Joe Hoyle
1st Edition
0982361831, 978-0982361832
