Given the Following Data on Hotel Check-Ins for a 6-Month $\quad 70$

question 84

Short Answer

Given the following data on hotel check-ins for a 6-month period:
July: $\quad 70$ rooms
August: $\quad 105$ rooms
September: 90 rooms
October: $\quad 120$ rooms
November: 110 rooms
December: 115 rooms
-Using the exponential smoothing factor 0.3, how many check-ins can be forecasted for January? Assume the forecast for December was 122 rooms.

---

Definitions:

Other People's Resources (OPR)

refers to the strategic use of resources owned by others, such as time, money, or knowledge, to achieve one's objectives.

Corporate Social Responsibility (CSR) Committee

A group within an organization dedicated to overseeing the company's efforts and strategies in being socially accountable to its stakeholders and the public.

Legal Work

Professional tasks involving the application of law or legal procedures by qualified individuals like lawyers or paralegals.

Equity Capital

Funds that are raised by a company in exchange for a share of ownership in the company.