Demand Forecasting Using Ensemble Learning for Effective Scheduling of Logistic Orders
Jul 8, 2021·
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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