Marriott Rooms Forecasting Essay Example for Free

Marriott Rooms Forecasting EssayMarriott Rooms Forecasting Executive epitome In the example of the Hamilton hotel, Snow needs to make a decision as to if 60 additional rooms reservations should be accepted which could lead to overbooking (Weatherford Bodily,1990). It is a problem of capacity utilization that is being face up in this particular case where revenue maximization is aimed while minimizing customer dissatisfaction.In this report the case is put forward and various methods have been chosen to come to a sensible conclusion. Firstly the affectionate data provided is used and the exponential smoothing model (ESM) is used to predict the outcome of uests on Saturday the 22nd of August. beside basic statistics are used and standard deviation is calculated with which the probability of the number of outcomes is solved.Finally the approximately likely situations are analyzed and discussed like a lay man and the revenue is calculated to conclude which option should be suitable and concluding that the most likely scenario will be the 5th option. In all the calculations through different methods used one can conclude that Snow should accept the 60 rooms reservations as the turnout in weekends is comparatively low when the historical data is analyzed.