Smart way of doing sales forecasting with Machine Learning
The biggest pain point of business leaders, according to Gartner, is demand volatility. This means that it’s difficult, even impossible, to forecast the demand for a particular product in the future. There are frequent fluctuations in buyer decisions based on a multitude of factors like weather fluctuations or social media trends.
For business leaders to answer questions like “how many camping gears will a store sell in the next season?” can become as difficult as predicting the weather. As you can end up carrying an umbrella on a sunny day in case of a wrong weather forecast, implications to the business may be acute if proper demand forecasting does not happen. It can lead to both monetary and opportunity losses if you can’t predict what your customer wants in the future.
This webinar will address this challenge and along with traditional forecasting, our Data Scientist will talk about how Machine Learning can be utilized for smart sales forecasting.
If this interests you, download now.
Software Consultant at Knoldus Inc.