This forecasting project is for the Mad Hatter restaurant chain. They have hired you as consultants to develop a forecasting system for sales in their Indianapolis area restaurants. Mad Hatter operates several restaurants in the Indy area. They are a Midwest regional chain and compete with restaurants such as Applebee’s and Chili’s. The Mad Hatter restaurants are open for dinner Tuesday through Sunday. They are closed Monday. Their sales data (in thousands of dollars) for the past eight weeks is given in the File ‘Assignment_1’ (Attached). Analysis of their data shows that in Week 4, they had a special promotional campaign to increase the number of customers coming on Thursday and Friday. As you develop this forecasting system, you may use the following key issues as a guide:

1. Mad Hatter is very interested in their sales patterns. They are particularly interested in any unusual patterns (including outliers) they may have had over the past ten weeks and how to deal with them. Their demand may be determined by a range of factors, many of them outside their control.
   
2. One key issue for Mad Hatter is seasonality over the six days. Clearly, it has major implications for their operations, particularly for manpower planning. They would like to know what the seasonality is for them.
   
3. They are not certain which forecasting model will be the best for them so they would like you to present them with several options. They would also like to know which one provides the best forecasting model.

Price: $9.59

Solution: The downloadable solution consists of 5 pages, 459 words and 3 charts.
Deliverable: Word Document