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The Omni Hotel: Forecast future occupancy rate

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1. The Omni Hotel in Charleston SC wants to forecast their expected occupancy rate for the next 5 years. Using the past data below, forecast the hotel's future occupancy.

Year Occupancy Rate (%)
1 82
2 77
3 76
4 80
5 85
6 85
7 89
8 90
9 88

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https://brainmass.com/statistics/multivariate-time-series-and-survival-analysis/omni-hotel-forecast-future-occupancy-rate-200455

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This posting contains solution to following forecasting problem.

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