Question

Give me an example of a driver based forcasting model.

Give me an example of a driver based forcasting model.

Homework Answers

Answer #1

In the driver based forecasting, operating activities are used to forecast the key variables such as revenues and expenses. The activities can be identified by analyzing how those variables are calculated.

For example for Hotels revenues are driven by rate per room, Number of rooms and % occupancy. Thus these activities are used in forecasting the revenues for the hotel. Similarly, expenses for the hotel can be determined using the activities such number of employees, number of room cleaned daily, Average number of occupied rooms etc.

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