Unbiased Hospitality Forecasting
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.