Consider the monthly hotel room averages for 2 years (number…
Consider the monthly hotel room averages for 2 years (number of occupied rooms in the hotel) shown below. Compute point forecasts of the deseasonalized averages for the last month of year 2. Picture1(3)(1).png Time Series Decomposition for yMethod Model type Multiplicative Model Data y Length 24 NMissing 0 Fitted Trend Equation: Yt = 557.73 + 1.874×t Accuracy Measures MAPE 0.7671 MAD 4.4159 MSD 52.8250 Seasonal Indices Period Index 1 0.89266 2 0.84003 3 0.90379 4 1.02080 5 0.97051 6 1.11458 7 1.27543 8 1.26851 9 1.02169 10 0.94350 11 0.83267 12 0.91583 Forecasts Period Forecast 25 539.676 26 509.432 27 549.792 28 622.888 Picture1(5)(1).png