Luigui, who has been operating a very successful Italian restaurant in downtown Toronto, has had great success using forecasting techniques to predict demand for the main menu items ever since opening day. His forecast for last month was grossly inaccurate and so far this month, his forecast appears to be just as bad as last months. It's already time to prepare the forecast for next month, what should he do about his model?

Question

Quizplus · Accepted Answer

The Answer of Luigui, who has been operating a very successful Italian restaurant in downtown Toronto, has had great success using forecasting techniques to predict demand for the main menu items ever since opening day. His forecast for last month was grossly inaccurate and so far this month, his forecast appears to be just as bad as last months. It's already time to prepare the forecast for next month, what should he do about his model?

Luigui, Who Has Been Operating a Very Successful Italian Restaurant