3min chapter

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Forecasting in Supply Chain

Data Skeptic

CHAPTER

How Does a Hybrid Algorithm Work for Volatile Time Series?

The volatility can cause a lot of problems in supplyton contects. If you can come up with a good model that can tell how the demand is going to change, then you can use that more effectively to plan for your production planning and for your inventory. Do you have any insight into how a company leverages that forecast? How do they look at the forecast and help use it to make those decisions?

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