Question 3 (25 Marks) Forecasting in the service sector presents some unusual challenges. A major technique in the retai

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Question 3 (25 Marks)
Forecasting in the service sector presents some unusual challenges.
A major technique in the retail sector is tracking
demand by maintaining good short-term records. For instance, a
barbershop catering to men expects peak flows on Fridays
and Saturdays. Indeed, most barber-shops are closed on Sunday and
Monday, and many call in extra help on Friday and
Saturday. A downtown restaurant, on the other hand, may need to
track conventions and holidays for effective short-term
forecasting. Provide recommendations on how Walt Disney might
forecast for holidays and other not so productive
days?