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.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
How to create a driver based forcasting model with excel?
How to create a driver based forcasting model with excel?
Give me a reason on why scheduling of services is difficult? Give me an example of...
Give me a reason on why scheduling of services is difficult? Give me an example of the scheduling of services
What is the best Forcasting Model for General & Administrative expenses? And how can the model...
What is the best Forcasting Model for General & Administrative expenses? And how can the model be used to reduce time spent on forecasting and increase forecast accuracy? Please Explain in details
this is for health class please give me a new example. Give an example of a...
this is for health class please give me a new example. Give an example of a measure that would benefit public health but that might be expensive to implement. •Who would benefit? •Who would pay the cost?
What is the best Forcasting model for General & Administrative expenses? How can it be used...
What is the best Forcasting model for General & Administrative expenses? How can it be used to reduce time spent on forecasting and increase forecast accuracy? Please explain.
explain non controlling interest and give me example
explain non controlling interest and give me example
Give me some example of functional and non-functional requirements
Give me some example of functional and non-functional requirements
Give me a real life example of a database transactions other than money transfer example.
Give me a real life example of a database transactions other than money transfer example.
Describe and give an example exemplifying the tension between explanations of mental illness based on the...
Describe and give an example exemplifying the tension between explanations of mental illness based on the medical model and those based on the psychological model. Where do the people fall into like Freud? Witmer? Jung? Szaz?
Explain how to forcast a general & administrative expenses using the driver based model. Please include...
Explain how to forcast a general & administrative expenses using the driver based model. Please include a diagram