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Business, 21.05.2020 21:14, lmolmlm5420
The Marcus Motel uses the moving average approach to forecast the number of rooms sold for each week and linear regression for forecasting its food sales. The moving average approach utilizes the most recent five weeks of actual data. An adjustment is made for extremes as follows: If during the five weeks, the actual number of rooms sold for a week has more than 30% difference from the budgeted number of rooms sold for that week, the actual is considered to be an extreme. In such case, the extreme is ignored and the budgeted number of rooms sold is used in its place.
The average occupancy per room sold is expected to be 1.8 for June 29 - July 5. The regression equations used to forecast the number of meals to be sold are as follows:
Breakfast customers = 50 + .8 (x)
Lunch customers = 150 + .2 (x)
Dinner customers = 60 + .6 (x)
, where x = Number of motel room guests not committed to food functions for that week.
Room guests committed to food functions (other than the restaurant) for the week of June 29 - July 5 are as follows:
Breakfast: 350
Lunch: 700
Dinner: 0
Required:
1) Calculate the expected number of rooms to be sold for the week of June 29 - July 5.
2) Calculate the expected number of meals to be sold for breakfast, lunch, and dinner in the motel's restaurant for the week of June 29 - July 5. Please use the number from question 1 as the number of rooms sold for the week of June 29 - July 5.
The rooms sold for the five preceding weeks were as follows:
Rooms Budgeted Rooms Sold
May 24-31 680 460
June 1-7 710 700
June 8-14 720 710
June 15-21 700 930
June 22-28 715 710
June 29 - July 5
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Answers: 2
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