2021
DOI: 10.1108/ijwbr-07-2020-0035
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Comparing the day temperature and holiday effects on retail sales of alcoholic beverages – a time-series analysis

Abstract: Purpose Little research on the influence of external factors, such as weather and holiday periods, on retail sales on alcoholic beverages is available. This study aims to investigate how weekly retail sales of different alcoholic beverages vary in association with daily maximum temperatures and annual federal holidays across selected US counties in the years 2013 to 2015. The research provides information, which can contribute to better sales forecasts. Design/methodology/approach Secondary data of weekly re… Show more

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Cited by 14 publications
(7 citation statements)
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“…Covariates. Given that daily temperature, day of the week, season, and holidays can influence alcohol sales [33,34], the following covariates were considered: i. Maximum daily local temperature ii.…”
Section: Methodsmentioning
confidence: 99%
“…Covariates. Given that daily temperature, day of the week, season, and holidays can influence alcohol sales [33,34], the following covariates were considered: i. Maximum daily local temperature ii.…”
Section: Methodsmentioning
confidence: 99%
“…In the first place it is possible to recognize the seasonal dependence of selected types of beverages, especially beer and other carbonated beverages. This is claimed by the authors Hirche et al [14]. Furthermore, there are various types of legislative restrictions on sales for consumption, but as Lichtman-Sadot points out, restriction on one hand triggers dominance on the other [15].…”
Section: Introductionmentioning
confidence: 92%
“…It should be assessed whether such positive (negative) deviations in market share might be predictive for future growth (decline). In addition, seasonality effects may be tested in the context of distribution velocity of wine [32].…”
Section: Future Researchmentioning
confidence: 99%