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Book Cover
E-book
Author Cohen, Maxime C. author

Title Demand prediction in retail : a practical guide to leverage data and predictive analytics / Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste, Renyu Zhang
Published Cham, Switzerland : Springer, 2022

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Description 1 online resource
Series Springer series in supply chain management, 2365-6409 ; volume 14
Springer series in supply chain management ; v. 14. 2365-6409
Contents 1. Introduction -- 2. Data Pre-Processing and Modeling Factors -- 3. Common Demand Prediction Methods -- 4. Tree-Based Methods -- 5. Clustering Techniques -- 6. Evaluation and Visualization -- 7. More Advanced Methods -- 8. Conclusion and Advanced Topics
Summary From data collection to evaluation and visualization of prediction results, this book provides a comprehensive overview of the process of predicting demand for retailers. Each step is illustrated with the relevant code and implementation details to demystify how historical data can be leveraged to predict future demand. The tools and methods presented can be applied to most retail settings, both online and brick-and-mortar, such as fashion, electronics, groceries, and furniture. This book is intended to help students in business analytics and data scientists better master how to leverage data for predicting demand in retail applications. It can also be used as a guide for supply chain practitioners who are interested in predicting demand. It enables readers to understand how to leverage data to predict future demand, how to clean and pre-process the data to make it suitable for predictive analytics, what the common caveats are in terms of implementation and how to assess prediction accuracy
Bibliography Includes bibliographical references
Notes Online resource; title from PDF title page (SpringerLink, viewed January 10, 2022)
Subject Business logistics -- Statistical methods
Business logistics -- Management
Demand (Economic theory)
Business logistics -- Management
Demand (Economic theory)
Form Electronic book
Author Gras, Paul-Emile, author
Pentecoste, Arthur, author
Zhang, Renyu, author
ISBN 9783030858551
3030858553