Search Results: demand forecasting (117)

Analytics | Artificial Intelligence | Machine Learning
Charlie Chase 0
Is machine learning practical for statistical forecasting?

There's been a lot of hype regarding using machine learning (ML) for demand forecasting, and rightfully so, given the advancements in data collection, storage, and processing along with improvements in technology. There's no reason why machine learning can't be utilized as another forecasting method among the collection of forecasting methods

Internet of Things | Machine Learning
Charlie Chase 0
Is quick response forecasting a reality or just another buzzword?

“Quick response forecasting (QRF) techniques are forecasting processes that can incorporate information quickly enough to act upon by agile supply chains” explained Dr. Larry Lapide, in a recent Journal of Business Forecasting column. The concept of QRF is based on updating demand forecasts to reflect real and rapid changes in demand, both

Advanced Analytics | Machine Learning
Charlie Chase 1
Is demand sensing and shaping a key component of your company’s digital supply chain transformation?

Depending on who you speak with you will get varying definitions and opinions regarding demand sensing and shaping from sensing short-range replenishment based on sales orders to manual blending of point-of-sales (POS) data and shipments.        Most companies think that they are sensing demand when in fact they are

Advanced Analytics | Analytics | Data Management | Machine Learning
Charlie Chase 4
At the end of the day, it’s all about analytics-driven forecasting

Analytics-driven forecasting means more than measuring trend and seasonality. It includes all categories of methods (e.g. exponential smoothing, dynamic regression, ARIMA, ARIMA(X), unobserved component models, and more), including artificial intelligence, but not necessarily deep learning algorithms. That said, deep learning algorithms like neural networks can also be used for demand forecasting,

Advanced Analytics | Analytics | Machine Learning
Charlie Chase 0
Straight talk about forecasting and machine learning

Are you caught up in the machine learning forecasting frenzy? Is it reality or more hype?  There's been a lot of hype about using machine learning for forecasting. And rightfully so, given the advancements in data collection, storage, and processing along with technology improvements, such as super computers and more powerful

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