forecasting


How can artificial intelligence help the food industry? - FMCG Magazine

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But what does AI really mean for the food industry and what are the implications, asks Stephanie Duvault-Alexandre, a consultant at software provider FuturMaster? According to a report by Accenture, 85 per cent of organisations have planned to adopt digital or AI technologies in their supply chains during the last year. The value of AI is estimated to be worth $36.8bn globally by 2025 predicts US market intelligence firm Tractica. AI is not necessarily a concept that's all that new. Various names refer to more or less the same thing.


How Artificial Intelligence Has Influenced E-Commerce – The Retailer's Story

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Never before have customers been more in control of the retail trade than today. Or has the retailer wrested control of the exchange? Let's revisit this in the light of new technologies and sensors deployed in this "game". In the sixties through the eighties, the Sears, Walmart and K-mart kind of super stores aggregated purchase information to decide what to buy and stock their shelves. Improving the scale of procurement they drove down the purchase price of things like Levi's Jeans to the detriment of the manufacturer.


New Product Forecasting Using Machine Learning Udemy

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All businesses introduce new products for various reasons. The new products poses challenge for the planners and marketing executives to estimate the demand for them for merchandise and supply planning purposes. The primary reason being the lack of historical data that can be used for forecasting. These techniques are'By Analogy' and'Bass Diffusion' including a live demonstration using a planning software. While Analogy is the more popular technique, the issue most planners face in this technique is in choosing the right analogue product.


Artificial Intelligence May Be The Future Of Forecasting Weather

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Our general weather in New England hasn't changed too much over the past 70 years. We still have our four seasons and a wild variety of all sorts of storms and temperatures. But one thing that has changed quite dramatically in that time is the way we view and receive forecasts for what's ahead. Weather observations were few and far between most of the time. A meteorologist had to depend on scattered reports from airports, fishermen, and phone calls from weather savvy locals.


How Artificial Intelligence Will Change Decision-Making For Businesses – Analyse People

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From The Terminator to Blade Runner, pop culture has always leaned towards a chilling depiction of artificial intelligence (AI) and our future with AI at the helm. Recent headlines about Facebook panicking because their AI bots developed a language of their own have us hitting the alarm button once again. Should we really feel unsettled with an AI future? News flash: that future is here. If you ask Siri, the helpful assistant who magically lives inside your phone, to read text messages and emails to you, find the nearest pizza place or call your mother for you, then you've made AI a part of your everyday life.


Classification vs. Prediction Statistical Thinking

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It is important to distinguish prediction and classification. In many decisionmaking contexts, classification represents a premature decision, because classification combines prediction and decision making and usurps the decision maker in specifying costs of wrong decisions. The classification rule must be reformulated if costs/utilities or sampling criteria change. Predictions are separate from decisions and can be used by any decision maker. Classification is best used with non-stochastic/deterministic outcomes that occur frequently, and not when two individuals with identical inputs can easily have different outcomes.


Forecasting Models with Python Udemy

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It explores main concepts from basic to expert level which can help you achieve better grades, develop your academic career, apply your knowledge at work or make business forecasting related decisions. Learning forecasting methods and models is indispensable for business or financial analysts in areas such as sales and financial forecasting, inventory optimization, demand and operations planning, and cash flow management. It is also essential for academic careers in data science, applied statistics, operations research, economics, econometrics and quantitative finance. And it is necessary for any business forecasting related decision. But as learning curve can become steep as complexity grows, this course helps by leading you through step by step real world practical examples for greater effectiveness.


Feature Engineering for Time Series Analysis – ODSC East 2018

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Forecasting is a core part of time series analysis as it tries tries to predict the value of the analysed signal. Forecasting is one of the hardest problems in predictive analytics because it's not always obvious what attributes can explain the future values of the signal and because you often will have less data than you would like to have, for example, if you have monthly data over a 4 year period you will basically have 48 data points. As time series analysis data is temporal, you will often have one data points per timestamp. The motto, "the more data the better," is true only up to a certain point, particularly when running a time series analysis. Adding more data can actually negatively impact your model.


Time Series Analysis & Forecasting for Python Hackers

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Time Series Analysis & Forecasting Stock Market Hacking with Pandas is a course for those interested in Time Series Analysis & Forecasting, or Stock Market Hacking with Pandas. You will learn how to procure data from the cloud, scraping it from the web and saving it for local hacking. You will gain general knowledge of the S&P 500 and how it works. You will learn how to hack and analyze data in a given period or time series to make future predictions. You will learn how to use machine learning algorithms to make predictions of your time series model.


What's New in Azure Machine Learning?

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Matt Winkler delivered a talk at Microsoft Build 2018 explaining what is new in Azure Machine Learning. The Azure Machine Learning platform is built from the hardware level up. It is open to whatever tools and frameworks of your choice. If it runs on Python, you can do it within the tools and frameworks. Services come in three flavors: conversational, pre-trained, and custom AI.