Demand for hotel services will require the use of which one of the following forecasting models:
A) subjective and causal.
B) subjective and time series.
C) time series and causal.
D) only time series.

Question

Quizplus · Accepted Answer

Demand for hotel services can be influenced by external factors such as economic conditions, events, and seasons but can also be impacted by past demand patterns. Therefore, both time series and causal forecasting models would be appropriate to use in forecasting hotel demand.

Demand for Hotel Services Will Require the Use of Which