The Vintage Restaurant

In: Business and Management

Submitted By rruly
Words 489
Pages 2
Forecasting Sales

The Vintage Restaurant is located on Captiva Island, a resort community located near Fort Meyers, Florida. The restaurant, which is owned and operated by Karen Payne, has just completed its third year of operation. During this time, Karen has sought to establish a reputation for the restaurant as a high-quality dining establishment that specializes in fresh seafood. The efforts made by Karen and her staff have proved successful, and her restaurant has become one of the best and fastest-growing restaurants on the island. Karen has concluded that.in order to plan better for the growth of the restaurant in the future, it is necessary to develop a system that will enable her to forecast food and beverage sales by month for up to I year in advance. Karen has available data on the total food and beverage sales that were realized during the previous 3 years of operation. These data are provided below.

Food and Beverage Sales for the Vintage Restaurant ($ 1,000s) Month | First Year | Second Year | Third Year | January | 242 | 263 | 282 | February | 235 | 238 | 255 | March | 232 | 247 | 265 | April | 178 | 193 | 205 | May | 184 | 193 | 210 | June | 140 | 149 | 160 | July | 145 | 157 | 166 | August | 152 | 161 | 174 |…...

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