Data Science

Forecasting: Are ML Models ‘Winning’ Because of Less Preprocessing Needs?

In the world of forecasting there is a bit of mystery. Many expert forecasters continue to use statistical models despite the strong push of machine learning (ML) and deep learning neural network (NN) models. Those less familiar with the world of forecasting assume, because of the dominance of ML/NN models in computer vision and language

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A Different Look at Intermittent Demand Forecasting

Demand forecasting is exactly how it sounds: forecasting demand. This can take many forms but the most classic example is predicting how many products will be sold by a retailer on each particular day. This forecasting is in turn used to drive business value in various ways. The most common is better inventory management, but

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