In my last post, we examined the growing importance of event stream processing to predictive and prescriptive analytics. In the example we discussed, we looked at how all the event streams from point-of-sale systems from multiple retail locations are absorbed at a centralized point for analysis. Yet the beneficiaries of those
I saw an interesting graph on dadaviz.com that claimed Italians had gone from drinking twice as much as Americans in 1970, to less than Americans in recent years. The data analyst in me just had to "independently verify" this factoid ... But before I get into the technical part of this
The real reason companies cleanse the historical demand is that traditional forecasting solutions were unable to predict sales promotions or correct the data automatically for shortages, or outliers. To address the short comings of traditional technology, companies embedded a cleansing process of adjusting the demand history for shortages, outliers, and
