Forecasting Exercise Every year the U of I hosts the LionelHampton Jazz Festival. Below you will find some issues that need tobe forecast in order to provide the best experience possible tocustomers, develop effective plans, and deliver "profits" tobusinesses. How many schools (and students) will be attending? Howmany will attend Saturday night’s concert? (Lionel Hampton JazzFestival Big Band) What will be room availability in Lewistonbecause of the festival? What should I charge for my hotel roomsduring the busy weekend? Is there a threshold? How much more shouldCasa Lopez be ordering for Thursday, Friday, and Saturday? Whatwill the economic impact be to the city of Moscow? Select two orthree and write a double-spaced paper telling what you forecastedand how you came up with the forecast you made – discuss themechanics of how you would develop your forecasts. The specificnumbers are not as important as demonstrating a well thought outapproach to your forecast.
