I've day level sales data. If I select let say all monday sales from this data. Can I make a time series of all Monday sales which can accurately predict the future. If I can, how reliable is that forecast?
Thanks in advance!
I've day level sales data. If I select let say all monday sales from this data. Can I make a time series of all Monday sales which can accurately predict the future. If I can, how reliable is that forecast?
Thanks in advance!
Simple method of forecasting number of guests given current and historical data would be a good place to start. Daily data often contains deterministic and arima structure. I would not take each day by itself and build separate models as there is often an auto-dependency on previous days i.e. ARIMA structure. .