Demand Forecasting Using Ensemble Learning for Effective Scheduling of Logistic Orders

Jul 8, 2021·
Dr. Katharina Lingelbach
Dr. Katharina Lingelbach
,
Yannick Lingelbach
,
Sebastian Otte
,
Michael Bui
,
Tobias Künzell
,
Matthias Peissner
Abstract
This study tested gradient-boosted models on daily demand data for nearly 197,000 media products. It compared forecasting by product group and by individual product, including rolling one-week-ahead forecasts. Seasonal and statistical features and information from clusters of similar demand patterns improved predictions. Accuracy varied across product types.
Type
Publication
Advances in Artificial Intelligence, Software and Systems Engineering, 271, 313–321