Room registrations in the Toronto Towers Plaza Hotel have been recorded for the past 9 years. To project future occupancy, management would like to determine the mathematical trend of guest registration. This estimate will help the hotel determine whether the future expansion will be needed. Given the following time-series data, develop a regression equation relating registrations to time (e.g., a trend equation). Then forecast year 11 registrations. Room registrations are in the thousands:   Sr. No Year Registration (000) 1 2011 17 2 2012 16 3 2013 16 4 2014 21 5 2015 20 6 2016 20 7 2017 23 8 2018 25 9 2019 24

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Room registrations in the Toronto Towers Plaza Hotel have been recorded for the past 9 years. To project future occupancy, management would like to determine the mathematical trend of guest registration. This estimate will help the hotel determine whether the future expansion will be needed.

Given the following time-series data, develop a regression equation relating registrations to time (e.g., a trend equation). Then forecast year 11 registrations. Room registrations are in the thousands:

 

Sr. No

Year

Registration (000)

1

2011

17

2

2012

16

3

2013

16

4

2014

21

5

2015

20

6

2016

20

7

2017

23

8

2018

25

9

2019

24

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