Strategies for Riding Out the Chaos: Forecasting

Learn how retail and hospitality businesses can adjust forecasting during the coronavirus crisis.

Strategies for Riding Out the Chaos: Forecasting webinar replay

As the economy shifts in unexpected ways, retail and hospitality face special considerations when building forecasts for short and long-term decisions.

Retail and hospitality organisations could experience either lower-than-anticipated or higher-than-anticipated volume of customers as they reopen. In the webinar Strategies for Riding Out the Chaos: Forecasting, Kronos workforce management experts in retail and hospitality explore the impacts of the coronavirus on forecasting.

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More about this webinar replay

During the webinar, these experts will discuss volume forecasting topics that are critical to retail and hospitality businesses, including:

  • How to adjust forecasting using algorithms for exponential smoothing or daily trend
  • Implications of discarding data to adjust for closures
  • Whether historical POS data should be reloaded
  • Volume stabilisation considerations
  • Evaluations of budget-adjusted labour forecast with high or low volume

View this instructive webinar to help your retail or hospitality business plan for variations in volume and traffic.