The Art and Science of Restaurant Forecasting

The Art and Science of Restaurant Forecasting

By definition, a forecast is not a guess, a vision, or a speculation about the future, but is an expectation derived from analyzing past performance and drawing conclusions about the future.  Brought to you by CrunchTime!  

By Matthew Klyman

What is forecasting?  

Building business plans require both knowledge and expectations about future events.  Long term planning includes product lines, concepts, and locations for operation.  Many of the key decisions that business leaders at all levels of operations face include beliefs and prospects for near term future events.  In both retail and restaurant locations, these key decisions include the amount

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