Time series forecasting for hotels- and small businesses

What you'll learn

Forecasting
Calculating averages
Calculating moving averages
Regression analysis
Working with seasons and irregularities
Smoothing
Structuring data

Requirements

Basic understanding of math
Basic understanding of spreadsheet software
Basic understanding of averages
Basic understanding of hotel- or business operations

Description

This course 'Time series forecasting for hotels- and small businesses' is based towards students who are new to the hospitality industry or are small business owners who want to learn how to predict future sales in an accurate manner.

If you have little to no experience when it comes to forecasting this course will help you understand and apply a complex strategy in a simple way.

Together we will discuss all the basics of forecasting and go over the steps needed to set up a time series forecast. By the end of this course you will have a solid foundation and basic understanding of; what forecasting is, how to set up a time series forecast, what data to use and how to structure it and how to interpret the data to your benefit.

When you've finished this course you'll be able to calculate and understand things like; a baseline, seasonality index, regression analysis and more.

So jumpstart your forecasting skills today!

Who this course is for:

Beginner hotel managers
Beginner restaurant managers
Restaurant start-ups
Small business owners
Hotel owners
Hotel start-ups
Starting hotel managers
Entrepreneurs