Briefly explain methods used to forecast

      

Briefly explain methods used to forecast

  

Answers


Ruth
1. Initial Forecasting
It is prepared a week in advance and it shows;
- The estimated total of each menu item for each day of the following week’s menu.
- The estimated number of meals to be taken.

Initial forecasting is based on:
- Past records or sales history
One should look at the figures recorded for the same period last year. This helps to know
if there is any likelihood of a particular trend at the period in the year.
- Advance booking / reservations
One has to consider advance accommodation booking either in banqueting, party
booking, seat booking, room etc.
- Current trends
The establishment should know the changes taking place with customers. Some trends
can be unfavorable to the business and if it can be corrected, then it must be done.
- Current events
The establishment has to take in mind all the events that will take place in their
surrounding eg exhibition, conferences, shows, games, etc.


2. Final forecasting
This is the most accurate forecasting which usually takes place a day before the
preparation and service.
NatalieR answered the question on May 16, 2022 at 09:23


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