Learn how price elasticity of demand impacts consumer behavior and forecasting. Discover strategies for understanding demand changes when prices fluctuate.

Water demand forecasting is an indispensable element in the sustainable management of water resources, as growing populations and climatic uncertainties intensify the pressure on water supplies.

Discover how human resource planning might be used to estimate the correct demand for labor in a given market, both qualitatively and quantitatively.

Supply chain forecasting is becoming an increasingly critical component of operational success. Accurate forecasting enables companies to optimize inventory levels, reduce waste, enhance customer ...

Michael Amori is CEO and cofounder of Virtualitics. A data scientist and entrepreneur with a background in finance and physics. Accurate demand forecasting is the linchpin of effective inventory, cost ...

Researchers at Institute of Science Tokyo have developed a novel Group Encoding method that accurately forecasts electricity demand using only On/Off device data from building energy systems. Tested ...

The landscape of demand forecasting, data science and machine learning is rapidly evolving, as companies seek innovative approaches to handle the intricate intersection between technology and consumer ...

The requirements for retail success don’t get much more basic than the ability to accurately forecast customer demand. Even a mom-and-pop bodega has to have a pretty good sense of how many people will ...

Sales forecasting—estimating the future sales of products or services based on historical data, market trends and other relevant factors—is important for any organization. According to Aberdeen, 97% ...

Financial forecasting is the act of estimating future financial outcomes for a business or an investment. It is a critical process in financial planning and decision-making. It employs statistical ...

Fashion has an inventory management problem, and it’s only intensified in recent years. Solving these challenges has proven elusive, leaving the industry with billions in unsold stock annually and ...