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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