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Published in:
2019 | OriginalPaper | Chapter
10. Deep Learning and Demand Forecasting
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Abstract
Demand forecasting is a branch of predictive analytics that focuses on gaining an understanding of consumer demand for goods and services. If demand can be understood, brands can control their inventory to avoid overstocking and understocking products. While there is no perfect forecasting model, using demand forecasting as a tool can help fashion businesses better prepare for upcoming seasons.