1. Long range and short range forecasting provides several benefits. If you owned a restaurant what do you think would be most appropriate to forecast for short-term (ie each week) ? For long-term (ie for the year) ?
Would this differ if you had a single restaurant or a chain of 400 restaurants (ie like Swiss Chalet)? Explain why1. Long range and short range forecasting provides several benefits. If you owned a restaurant what do you think would be most appropriate to forecast for short-term (ie each week) ? For long-term (ie for the year) ?
Would this differ if you had a single restaurant or a chain of 400 restaurants (ie like Swiss Chalet)? Explain why