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Robust benchmarking is still the exception. If, for example, you were looking at a demand planning team that had achieved forecast accuracy of 79% for a certain set of products, is that good or bad?
Chapter 3 Key Terms . Associative Model (68): Forecasting Technique that uses explanatory variables to predict future demand. Bias (93): Persistent tendency for forecasts to be greater or less than ...
Google, much like most other players in the industry, has made AI one of its absolute priorities. One of the areas where it has been applied is speech recognition, where Google has made ...
What this means is that even though both predictions were just $5 off from the actual price, the Amazon prediction was much more accurate, because it was closer to the actual price when ...
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