Unbiased Hospitality Forecasting
Preferred learners
- Anywhere
- Academic experience
Categories
Skills
Project scope
- What is the main goal for this project?
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Using Cheque level historical data from 20 locations for a 3 year period, the objective is to build a weekly forecast that can be viewed at 15 minute increments across a variety of on premise and off premise channels. Influencing factors such as (but not limited to) weather, local demographics, and marketing initiatives need to be considered. The project is divided into 2 key areas:
1) Understanding what the influential factors are and what degree each impacts the overall results
2) Building a model that can project sales based on the variable factors and test using historical results.
- What is the main goal for this project?
-
Using Cheque level historical data from 20 locations for a 3 year period, the objective is to build a weekly forecast that can be viewed at 15 minute increments across a variety of on premise and off premise channels. Influencing factors such as (but not limited to) weather, local demographics, and marketing initiatives need to be considered. The project is divided into 2 key areas:
1) Understanding what the influential factors are and what degree each impacts the overall results
2) Building a model that can project sales based on the variable factors and test using historical results.
- What tasks will learners need to complete to achieve the project goal?
-
No deliverables exist for this project.
About the company
- Unknown website
- Food & beverage
Lone Star Texas Grill is a privately owned casual restaurant operating in Ontario Canada. With its roots in Ottawa, this 22 location chain's claim to fame is its' Fajitas. Lone Star uses the latest in technology to help support its well established Dine-In and growing Off-premise segments. A firm believer in a data-driven approach to its marketing and operations, it has never forgotten that people are at the heart of its success.