Foodservice Forecasting: Differences in Selection of Simple Mathematical Models Based on Short- Term and Long-Term Data Sets
Hospitality Research JournalPublished 1 May 1993
James J. Miller, Cynthia S. McCahon, Judy L. Miller
Citations17
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Abstract
This study developed and evaluated mathematical (time-series) forecasting models to predict restaurant covers. The purpose of the study was to determine if model selection would differ for short-term and long-term data sets. In both the short- term and long-term studies, deseasonalized data modeled best. Therefore, daily seasonal differences account for a large portion of the demand variance, and the effect should be included in the forecasting model.
Keywords
Decision SciencesBusiness, Management and Accounting
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