Why is forecasting is a critical element of revenue management? What is the difference between short term and long term forecasting? What are the benefits of using historical data when forecasting? What is "revenue optimization"? Explain and provide some example

2. explain in detail the connection between forecasting and rate management. You may select any type of hospitality operation. It could be a hotel, restaurant, airline, private club, etc. Your choice.

3. What is the purpose of the Income Statement? 2.

What are the principles of the Income Statement Preparation Process?

3. Why should we follow the Income Statement Preparation Process?

What are some examples, benefits, and steps of automated accounting processes that can help us improve accuracy, save time, and reduce operating cost?