Machine Learning Times
Machine Learning Times
EXCLUSIVE HIGHLIGHTS
The Quant’s Dilemma: Subjectivity In Predictive AI’s Value
 Originally published in Forbes This is the third of a...
To Deploy Predictive AI, You Must Navigate These Tradeoffs
 Originally published in Forbes This is the second of a...
Data Analytics in Higher Education
 Universities confront many of the same marketing challenges as...
How Generative AI Helps Predictive AI
 Originally published in Forbes, August 21, 2024 This is the...
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8 years ago
Case Study: Hotel Occupancy Forecasting’s Big Payoff

 This Predictive Analytics story started with a question as most Predictive sojourns do. During a process improvement project meeting for a national resort company a question was posed; how much could the company save with an improved occupancy forecast? Accurate occupancy forecasts are vital for resorts as staffing is determined from this forecast. The current forecasts were on average 3.5% over/under the actual occupancy. This caused the company to under/over staff by nearly the same amount. An improvement of 1% would save an estimated $284,000 company wide over a year’s time. Lastly, the larger the resort the larger

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