HS: Viewing Sales Forecasting Theory

Overview

Sales Forecasting Theory allows managers to review the calculations and historical data used to generate sales projections in HotSchedules.

By selecting an individual forecast projection, managers can view the formula and values used to calculate the projected sales for a specific time interval.

View Sales Forecasting Theory

1. Navigate to Forecasting > Forecasting and Labor.

2. Select the week you want to forecast.

3. Generate the forecast using the applicable historical weeks.

4. On the Forecast Projections page, locate the time interval you want to review.

5. Select the projected sales amount for that interval.

6. Review the Sales Forecasting Theory window, which displays the formula and values used to calculate the projection.

Availability of Sales Forecasting Theory

Sales Forecasting Theory is available only for forecasts that have not yet been saved.

Once a forecast has been saved, the Sales Forecasting Theory window is no longer available for that forecast.

To view the theory for a previously saved forecast, reapply the historical weeks used to generate the forecast.

Important: Review Sales Forecasting Theory before saving the forecast if you need to examine the calculations behind individual projections.