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MDC Hotel Rooms Forecasting & Demand Management Statistical Methods Excel Project

MDC Hotel Rooms Forecasting & Demand Management Statistical Methods Excel Project

Question Description

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At the end of 2017, to set its hotel room rates for the following year, the Department of Hospitality at FIU needs to

forecast the demand for its rooms in 2018. The department has gathered 14 years of data (2004 to 2017) reflecting

weekly bookings at its hotel.

You, as the Demand Planning Manager, are asked to forecast the weekly demand for their hotel rooms in 2018

using different forecasting methods. You have complete freedom in choosing your forecasting methods, whether

covered in this course or not, as long as they are logical and sound. However, at leas

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