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The management staff at a hotel located in a popular Caribbean resort area is engaged in planning activities for the next year. Fundamental to any
The management staff at a hotel located in a popular Caribbean resort area is engaged in planning activities for the next year. Fundamental to any plans made will be the expected occupancy rate of the hotel. In hopes that the recent past will provide useful information, the management staff has extracted quarterly occupancy rates for the past years from the hotel records. Quarter includes January through March; Quarter includes April through June, etc. Your team has been hired to provide a forecast of the occupancy rates for quarters and of next year year The data can be found in the worksheet titled Problem Occupancy in the Excel file, "Case # Data."
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