Forecasting

Everyone has experienced how important it is to accurately forecasting demand. Picture this: you’re walking into your local grocery store to purchase some apples. How do you know how many apples to buy? Without thinking about it, you most likely just purchase the same number of apples that you ate…

Van Eck Associates CEO Jan van Eck believes that the uncertainty in the banking system is temporary. He also noted that this year could be the beginning of a bullish cycle for the main crypto coin and gold for the next few years. However, in general, the year, the expert…

In today’s fast-paced and competitive business environment, grocery chains must be able to anticipate and respond to ever-changing consumer demands. Accurate demand forecasting plays a crucial role in achieving this goal. By predicting future sales, grocery chains can optimize inventory levels, reduce waste, and improve customer satisfaction. …

NBEATS and other Interpretable Deep Forecasting Models — Forecasting is a critical aspect of many industries, from finance to supply chain management. Over the years, researchers have explored various techniques for forecasting, ranging from traditional time-series methods to machine learning-based models. In recent years, forecasters have turned to deep learning and have gotten promising results with models such…

Python has become one of the most popular programming languages for data science due to its flexibility, ease of use, and extensive ecosystem of libraries. With so many libraries available, it can be overwhelming for data scientists to choose the right tools for their projects. In this article, we will…

There are just a few simple rules to follow to keep yourself safe: 1. Insurance is sometimes very necessary. A car, an apartment, your own health and the health of loved ones will be safe if you take care of their safety in advance. 2. Consider a financial airbag. Ideally…

Overview Time series data have a sequential data over a period of time. This data helps us to forecast what will happen in the next time period. They do so by understanding the patterns and trends in previous time periods. One common example would be in sales and revenues. Suppose in…

The cryptocurrency market remains bullish on bitcoin. This is evidenced by the results of a new CNBC poll of influential figures in the digital asset industry. BTC reached its ATH at the end of 2021, near the $69,000 level. …