Subjective Estimates of Occupancy Forecast Uncertainty by Hotel Revenue Managers [Summary]

dc.contributor.author	Schwartz, Zvi	en
dc.contributor.author	Cohen, Eli	en
dc.date.accessioned	2019-01-28T19:15:35Z	en
dc.date.available	2019-01-28T19:15:35Z	en
dc.date.issued	2008-09-22	en
dc.description.abstract	Fifty-seven experienced hotel revenue managers participated in a study involving the use of simulated forecasting software. The revenue managers examined raw occupancy data and used simulated forecasting software to arrive at their own daily occupancy forecasts and subjective estimates of the forecast uncertainty for a period of seven consecutive days. The study underscores the subjective nature of forecast uncertainty, showing that uncertainty estimates depend on the individual’s years of industry experience as well as gender. The study demonstrates that there is no relation between the accuracy of a point estimate and the level of subjective uncertainty.	en
dc.format.mimetype	application/pdf	en
dc.identifier.uri	http://hdl.handle.net/10919/87061	en
dc.language.iso	en_US	en
dc.publisher	Virginia Tech	en
dc.rights	Creative Commons Attribution 4.0 International	en
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	en
dc.subject	Revenue management	en
dc.subject	occupancy forecast	en
dc.subject	uncertainty	en
dc.subject	point estimate	en
dc.title	Subjective Estimates of Occupancy Forecast Uncertainty by Hotel Revenue Managers [Summary]	en
dc.title.serial	Journal of Travel and Tourism Marketing	en
dc.type	Summary	en
dc.type.dcmitype	Text	en

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