Question
A certain restaurant located in a resort community is owned and operated by Karen Payne. The restaurant just completed its third year of operation. During
A certain restaurant located in a resort community is owned and operated by Karen Payne. The restaurant just completed its third year of operation. During this time, Karen sought to establish a reputation for the restaurant as a high quality dining establishment that specialises in fresh seafood. The efforts made by Karen and her staff proved successful, and her restaurant is currently one of the best and fastest-growing restaurant in their neighbourhood. Karen concluded that, to plan better for the growth of the restaurant in the future, she needs to develop a system that will enable her to forecast food and beverage sales by month for up to one year in advance. Karen compiled the following data on total food and beverages sales for the three years of operation: Food and beverage sales for the restaurant (R1000s) 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 September 110 122 126 October 130 130 148 November 152 167 173 December 206 230 235 Perform an analysis of the sales data for the restaurant. Prepare a report for Karen that summarises your findings, forecasts, and recommendations. Include the following
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