Machine learning in sales forecastingHow can machine learning help your retail business? Learn more about the opportunities this technology has, compared to current (statistical) systems.
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What you’ll learn
Sales forecasting is the cornerstone of budgeting for all businesses. Imagine the advantages if your sales forecasting error rate is near zero: all your margins go up. But how to go about it? What do you need? How can you make the best decision?
Statistical methods versus machine learningWe’ll compare the differences and advantages of both for sales forecasting.
Tips to implement machine learningLearn which four big challenges you can tackle upfront so that implementation will go a lot easier and more
How to get best resultsDo you need to develop your own solution or is a software package a better option? Three arguments to you help you make this decision.
Case study included
To give you an idea about how sales forecasting can help you, we share one of our case studies (including the financial side of sales forecasting).