Chapter4Case Study"Forecasting at Hard Rock Cafe"

Please help me with any suggestions and pointers on ways to go about answering these questions. Thank you.

1. Describe three different forecasting applications at Hard Rock. Name three other areas in which you think Hard Rock could use forecasting models.

2. What is the role of the POS system in forecasting at Hard Rock?

3. Justify the use of the weighting system used for evaluating managers for annual bonuses.

4. Name several variables besides those mentioned in the case that could be used as good predictors of daily sales in each cafe.

5. At Hard Rock's Moscow restaurant, the manager is trying to evaluate how a new advertising campaign affects guest counts. Using data for the past 10 months (see the table), develop a least-squares regression relationship and then forecast the expected guest count when advertising is $65,000.

Reference

Heizer, J., Render, B., & Munson, C (2017).Principles of Operations Management: Sustainability and Supply Chain Management(10th ed.)