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Write a 1-2 page paper on the following: Identify a business problem that could be solved using a forecasting solution. In your problem discussion, identify what the issue is, how forecasting could aid you in solving this problem, and the type of data that you would need to collect in order to solve this problem.

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The hotel management business such as owned by the current presidential candidate Donald Trump requires a good prediction on the demand for the room reservation in order to make a decision on how many people who will serve as a waiter, a waiter, a cook and a housekeeper throughout the year. If the hotel hires expecting the full occupancy of rooms for the entire summer, then the business will spend too much labor cost if it turns out that it does not need so many people to serve the number of customers that are 60-70% less than the full occupancy. On the other hand, the underestimation of the demand may cost them if customers complain about the lack of services they receive in short of hotel servicers....

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