What are the best ways to forecast demand in retail?
Forecasting demand in retail is a crucial task for optimizing inventory, pricing, and marketing strategies. However, it is also a challenging one, as retail demand is influenced by many factors, such as seasonality, trends, promotions, competition, and consumer behavior. In this article, we will explore some of the best ways to forecast demand in retail using operations research techniques and tools.
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Dr. Venky Venkata Reddy (డా. వెంకీ వేంకట రెడ్డి), PMP®Full Professor | Design Thinking & Innovation | Artificial Intelligence | Operations Management | Entrepreneurship…
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Jay SarmazVice President of Data & AI at Case Status | Applied Data Science, Legal Tech, GenAI, Innovation | 6k+ 🏁
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Alexandre WarembourgSenior Data Scientist | Expert Prévision & Time Series | Google Certified Machine Learning Engineer