Read through the Case Study entitled “Highline Financial Services, Ltd.” in Chapter 3 of your textbook. Examine the historical trends this company has experienced for the three products (A, B, C) discussed over the 2 years shown. In a 4-5 page paper, not including the cover and reference pages, prepare demand forecasts for the next four quarters for all three products, describe the forecasting method you chose and explain why that forecasting method is best suited to the scenario. Explain why you did, or did not, choose the same forecasting method for each product. What are the benefits of using a formalized approach to forecasting these products?
Be sure to use at least two scholarly, peer-reviewed references in supporting your answer. Current sources are those published within the most recent five-year period, and scholarly sources are those from peer-reviewed journals.
There are 54% of respondents selected hotel managements as the biggest influence factor that affects the market value of hotel properties. They believe that good hotel managements have the highest potential to bring the highest satisfaction of customers’ needs. Chapter Three has determined that hotel managements play an important role that bring a track in develop plans to achieve the profit targets through efficient use of human resource and technology. Hotel managements have been computerized in hotel accommodations and services management, administration management, working capital management, and employee benefit programs. Based on the selection by property consultants, there is a shape of ‘V’ from the smallest influence towards the biggest influence. 8% of property consultants select it as the smallest influence factor. They believe that the effect of this factor is not significant because the market value of hotel properties with good management that located far from the tourist hotspot are lower than hotel properties with poor management that located near the tourist hotpot. Hotel Accommodations: There are 50% of respondents selected hotel accommodations as the smallest influence factor that affects the market value of hotel properties. They believe that the accommodations are provided in according to the types of hotel properties. Chapter Three has reviewed the accommodations for hotels are classified into full-service and limited services that are considered by their customers. Hotels with limited-services provide part of facilities and moderate accommodations that they targeted their customers are who willing to have lower room prices while full-services hotels provide various facilities and higher class accommodations. The analysis result from interviews shows the 50% of respondents believe that different class accommodations are provided by different types of hotels in according to different hotel development plans. This factor is chosen as the smallest influence in the market value of hotel property because it is according to the type of hotel properti>GET ANSWER