Giter VIP home page Giter VIP logo

gianscuri / restaurant_revenue_loss_covid_analysis Goto Github PK

View Code? Open in Web Editor NEW
0.0 1.0 0.0 40.27 MB

Time Series Analysis and Forecasting (using ARIMA, UCM and Random Forest models) of a restaurant's revenue during the first lockdown of the COVID-19 pandemic in Italy, to estimate the loss incurred.

License: MIT License

Python 46.97% R 53.03%
time-series arima-model forecasting random-forest ucm-model

restaurant_revenue_loss_covid_analysis's Introduction

Restaurant's Revenue Loss during first COVID-19 pandemic lockdown: Time Series Analysis and Forecasting

The proposed project aims to analyze the sales performance of six restaurants located in Lombardia and Emilia-Romagna from January 2018 to April 2022. The objective is to identify significant patterns in the time series and provide estimates of the losses incurred during the period of closure due to the COVID-19 pandemic, as well as an estimate of future restaurant trends. The analysis begins with an exploratory analysis of the time series of the different restaurants to identify and explain certain behaviors such as seasonality and trends. Subsequently, different models for analyzing and forecasting time series, including ARIMA & SARIMA, UCM, and Random Forest, are employed. The most robust and accurate models for this application were found to be the SARIMA and Random Forest models, which were used to estimate losses of between 16% and 21% compared to the annual turnover in 2019 due to the lockdown in spring 2020 and to project future trends in the historical series.

Screenshot 2023-03-01 151432

restaurant_revenue_loss_covid_analysis's People

Contributors

gianscuri avatar

Watchers

 avatar

Recommend Projects

  • React photo React

    A declarative, efficient, and flexible JavaScript library for building user interfaces.

  • Vue.js photo Vue.js

    ๐Ÿ–– Vue.js is a progressive, incrementally-adoptable JavaScript framework for building UI on the web.

  • Typescript photo Typescript

    TypeScript is a superset of JavaScript that compiles to clean JavaScript output.

  • TensorFlow photo TensorFlow

    An Open Source Machine Learning Framework for Everyone

  • Django photo Django

    The Web framework for perfectionists with deadlines.

  • D3 photo D3

    Bring data to life with SVG, Canvas and HTML. ๐Ÿ“Š๐Ÿ“ˆ๐ŸŽ‰

Recommend Topics

  • javascript

    JavaScript (JS) is a lightweight interpreted programming language with first-class functions.

  • web

    Some thing interesting about web. New door for the world.

  • server

    A server is a program made to process requests and deliver data to clients.

  • Machine learning

    Machine learning is a way of modeling and interpreting data that allows a piece of software to respond intelligently.

  • Game

    Some thing interesting about game, make everyone happy.

Recommend Org

  • Facebook photo Facebook

    We are working to build community through open source technology. NB: members must have two-factor auth.

  • Microsoft photo Microsoft

    Open source projects and samples from Microsoft.

  • Google photo Google

    Google โค๏ธ Open Source for everyone.

  • D3 photo D3

    Data-Driven Documents codes.