Sales Forecasting of a Casual Dining Restaurant; A Time Series Analysis

Abstract

A time-series analysis has always been a highly utilized approach in terms of the behavior process or metrics. Given the widespread use of modern information technology the researchers used the collected data from a casual dining The purpose of the study is to help the owners how to minimize or maximize revenue. Through the help of EViews 8 software the time series was performed, study analyzed the gathered data from the casual dining restaurant from January to December 2018 and forecast in the next two years. The result manifested an upward trend pattern and continuously growing in the coming years. Thus, the casual dining restaurant was found out stable and rising in perfectly competitive market industry.