Skip to main content

and
  1. No Access

    Chapter

    Data Pre-Processing and Modeling Factors

    This chapter covers several important pre-processing steps. Before implementing a demand prediction method, it is crucial to process the raw data in order to extract as much predictive power as possible from t...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)

  2. No Access

    Chapter

    Tree-Based Methods

    This chapter explores tree-based methods for demand prediction. These methods are widely used given their strong predictive power. We consider three types of methods: Decision Tree, Random Forest, and Gradient...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)

  3. No Access

    Chapter

    Evaluation and Visualization

    In this chapter, we summarize all the results obtained so far and compare the different methods in terms of prediction accuracy. We then present several simple ways to visualize and communicate the prediction ...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)

  4. No Access

    Chapter

    Conclusion and Advanced Topics

    This chapter aims to conclude this book by first summarizing all the concepts and methods we covered. We then briefly discuss seven more advanced topics related to demand prediction, such as deep learning meth...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)

  5. No Access

    Chapter

    Introduction

    This chapter introduces the topic of demand prediction for retail applications. We first present several managerial motivations behind demand prediction and discuss the potential practical impact of having goo...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)

  6. No Access

    Chapter

    Clustering Techniques

    This chapter discusses how to leverage clustering techniques in the context of demand prediction for retail applications. Specifically, our goal is to aggregate the data across different SKUs to improve the pr...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)

  7. No Access

    Chapter

    More Advanced Methods

    In this chapter, we discuss two more advanced methods, which are recent advancements in demand prediction. We first present the Prophet method, which is an open-sourced library released by Facebook researchers...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)

  8. No Access

    Chapter

    Common Demand Prediction Methods

    This chapter covers several common methods for demand prediction. We start by presenting the basic linear regression method applied to one SKU. We then explain how to properly structure the dataset. We next di...

    Maxime C. Cohen, Paul-Emile Gras, Arthur Pentecoste in Demand Prediction in Retail (2022)