Machine Learning in Demand Forecasting

Machine learning in demand forecasting involves using algorithms and data to predict future customer demand for products or services. By analyzing historical sales data, trends, and other factors like seasonality or market conditions, machine learning models can identify patterns and make accurate predictions. This helps businesses optimize inventory, improve supply chain management, and enhance customer satisfaction by ensuring the right products are available at the right time. Essentially, it’s a way for companies to leverage technology and data to make informed decisions about meeting customer needs.