Posted: March 7th, 2017

Using the exponential smoothing factor 0.3, how many check ins can be forecasted for January?

Make a prediction, given the following data on hotel check ins for a 5 month period:
August: 40 rooms
Sept.: 30 rooms
Oct.: 45 rooms
Nov.: 60 rooms
Dec.: 55 rooms
Using the exponential smoothing factor 0.3, how many check ins can be forecasted for January?

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