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Tips Predict Restaurant Sales

File(s)
Lynn_202013_20Tips_20predict.pdf (585.06 KB)
Permanent Link(s)
https://hdl.handle.net/1813/71095
Collections
Center for Hospitality Research Publications
Author
Lynn, Michael
Ukhov, Andrey D.
Abstract

An analysis of seven years of monthly charge-card sales and tip data from a multi-regional restaurant chain in the United States found that tip percentages predicted food sales in the following month. Thus, restaurant executives, managers, and owners are encouraged to add tip percentages to their sales forecasting models.

Date Issued
2013-08-01
Keywords
sales forecasting
•
tipping
•
tip percentage
Rights
Required Publisher Statement: © Cornell University. This report may not be reproduced or distributed without the express permission of the publisher
Type
article

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