2 minutes
Restaurant Visitor Forecasting
About the project
La Pino’z Pizza is India’s fastest growing and the most popular Pizza chain. The first pizzeria opened up in Chandigarh in 2011 and now there are more than 350 outlets across India. A few of these outlets belong to my father. Even though this is a very up and coming, new generation Pizza place in India, I have seen first hand how the business works - the same old traditional way. This project is motivated out of personal curiosity and a desire to suggest that these businesses can profit a lot more if they analyze the data that is generated on a daily basis and use the insights from this analysis in a fruitful way. “Currently, few restaurants use R or any other readily available statistical software to analyze their data. Instead many use subscriptions to services that may preform basic analysis such as averaging and then display that information in basic, though visually appealing visualizations.” This is exactly what I wanted to fix by the medium of this project.
Two of the most important aspects in functioning of any restaurant is number of visitors and total sales. Forecasting the sales and number of visitors is an essential component in the decision-making process for the owners of these restaurants. For this reason, I tried to investigate the performance of the sales and visitors for 2 different restaurants of the same La Pino’z franchise. This project aims at analyzing the time series models of sales for at least 2 restaurants and number of visitors for at least 2 restaurants.
Why did I work on this project?
I am interested in this project because I have seen this business function very first hand and if by the concepts learnt during my time at UW, there is something that I could add to it that helps the business grow, I would be happy to help my family business.
318 Words
2022-06-01 17:00