GSCM 206 Forecasting at Hard Rock Café

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GSCM 206 Forecasting at Hard Rock Café
Describe three different forecasting applications at Hard Rock. Name three…

 

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GSCM 206 Forecasting at Hard Rock Café

GSCM 206 Forecasting at Hard Rock Café

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Questions

Describe three different forecasting applications at Hard Rock. Name three other areas in which you think Hard Rock could use forecasting models.

What is the role of POS system in forecasting at Hard Rock?

Name several other variables besides those mentioned in the case that could be used as good predictors of daily sales in each café.

Title page and two written pages with no more than 500 words.

Answers to individual questions (as assigned) Each assignment will have specific questions you need to address. You should create a subheaded section for each one.

References/Appendix (if required) These are not research papers per se, so you may not have the need to cite outside sources. If you do, however, they should be identified on a proper reference page. Similarly, if you are required to do calculations and choose to perform them on a separate page, you should include them in an appendix.

Preview:

The point-of-sale (POS) is a key component of Hard Rock’s forecasting system. The POS at each café captures the financial and statistical data of daily transactions, i.e., customer profile, number of customers and amount spent on food or merchandise items.  This builds up the…