Forecasting methodology and process for restaurants

A) How do you come up with a forecast?

At Tenzo, we follow a broad four step process to forecasting restaurant sales:

  1. We use traditional forecasting methodologies to understand the core components of a forecast i.e.
  • Overall growth trend
  • Weekly fluctuations
  • Annual seasonality
  • Weather — temperature, precipitation, sunshine
  • Events — e.g., holidays, local sports events etc.
  • Traffic

B) How do you then implement this forecast?

To some degree, this varies by business but we recommend 4 core phases:

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Actionable insights for restaurants, pubs & retailers, delivered on mobile, in real time. @TechStars London '16.

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Tenzo

Tenzo

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Actionable insights for restaurants, pubs & retailers, delivered on mobile, in real time. @TechStars London '16.