Management

View video, “Forecasting at Hard Rock Cafe” — this can be found and viewed in MyOMLab

After viewing the video, provide a two to three sentence response to the leading questions below.

1.What type of areas need forecasting at the HR Cafes? What techniques are used? Why? What issues exist with selecting a forecasting technique

(s)?

2.Do you work or are you familiar with another service industry that relies heavily on forecasts? What forecast methods are used? What are some

problems that have resulted from poor forecasts?
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