Scribd Logo
Upload

Welcome to Scribd!

  • Forecast Exercise

    Uploaded by

    Quynh Anh
    7 views7 pages
    This document discusses demand forecasting techniques such as the N-period moving/rolling average and weighted moving/rolling average. It provides examples of calculating forecast revenue and occupancy for specific future periods using different weighting schemes and comparing forecasts to actual data to improve accuracy. The goal is to generate the most accurate demand forecasts possible for planning purposes.

    Original Description:

    Forecasting Demand rules and exercises esp. in Lodging services

    Original Title

    Forecast exercise

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document discusses demand forecasting techniques such as the N-period moving/rolling average and weighted moving/rolling average. It provides examples of calculating forecast revenue and occupancy for specific future periods using different weighting schemes and comparing forecasts to actual data to improve accuracy. The goal is to generate the most accurate demand forecasts possible for planning purposes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views7 pages

    Forecast Exercise

    Uploaded by

    Quynh Anh
    This document discusses demand forecasting techniques such as the N-period moving/rolling average and weighted moving/rolling average. It provides examples of calculating forecast revenue and occupancy for specific future periods using different weighting schemes and comparing forecasts to actual data to improve accuracy. The goal is to generate the most accurate demand forecasts possible for planning purposes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 7

    Forecast Demand

    Techniques
    N-period Moving/Rolling Average
    Weighted Moving/Rolling Average
    • Given this is 7-day
    Weight rolling period
    0.1

    0.1

    0.15

    0.15

    0.15

    0.15

    0.2

    Calculate the forecast Revenue for the 8th date and compare it with the actual Revenue
    Calculate the forecast Revenue for the next week from 15th to 21st date
    Choose the different weights for a better prediction
    Given this is 3-period/
    3-week rolling
    Calculate the forecast
    Occupancy of August 22,29
    and September 5
    Based on the forecast
    information and the real
    occupancy rate, can you
    generate a more accurate
    forecast for the period 7?

    You might also like