Forecasting
... Forecasting can be used to determine if attendance will increase, therefore helping make their decision. Forecasting is a tool used by managers to plan and control future events or outcomes and is a basis for scheduling operations. ... 3 Forecasting Tools: a. Multiplicative Decomposition: a type of forecasting model that isolates linear trend and seasonal factors to develop a more accurate forecast. ... Exponential Smoothing - a type of forecasting model that uses both the last forecasted value and the last observed value.