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Luigui, Who Has Been Operating a Very Successful Italian Restaurant

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Essay

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?

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Definitions:

Real Property

Land and anything permanently attached to it, such as buildings and structures, differentiated from personal property which can be moved.

Personal Property

refers to movable items owned by an individual or corporation, excluding real estate.

Real Property

Refers to land and any permanent structures attached to it, such as buildings or houses.

Tangible Personal Property

Physical items owned by an individual or entity, such as furniture, vehicles, and electronics, excluding real estate.

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