Forecasting and demand management for new events using machine-learning algorithm
NOVEMBER 28, 2017
When it comes to forecasting and demand management , a lot. For events like the Super Bowl, retail demand planners create forecasts using data from a variety of sources to adjust product demand profiles in anticipation of which product, or group of products might be in demand the most. As more data enters the system, the system becomes more intelligent and the data becomes more manageable and subsequently, easier to interpret.