What do the stock market and weather forecasting have in common? Here’s a clue: stocks are valued based on trend projections, whereas changes in weather are tracked using prevailing atmospheric ...
Many people think that if they can just get the forecast right, all their supply chain problems will go away. As a data scientist who has been working on demand forecasting for companies in multiple ...
The requirements for retail success don’t get much more basic than the ability to accurately forecast customer demand. Even a mom-and-pop bodega has to have a pretty good sense of how many people will ...
Michael Amori is CEO and cofounder of Virtualitics. A data scientist and entrepreneur with a background in finance and physics. Accurate demand forecasting is the linchpin of effective inventory, cost ...
Fashion has an inventory management problem, and it’s only intensified in recent years. Solving these challenges has proven elusive, leaving the industry with billions in unsold stock annually and ...