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Forecasting Seasonal Sales with Many Drivers: Shrinkage or Dimensionality Reduc...
Ramos, Patrícia; Oliveira, José Manuel; Kourentzes, Nikolaos; Fildes, Robert
Date: 2022
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Origin: Repositório Científico do Instituto Politécnico do Porto
Forecasting Seasonal Sales with Many Drivers: Shrinkage or Dimensionality Reduc...
Ramos, Patricia; Oliveira, José Manuel; Kourentzes, Nikolaos; Fildes, RobertRetailers depend on accurate forecasts of product sales at the Store SKU level to efficiently manage their inventory. Consequently, there has been increasing interest in identifying more advanced statistical techniques that lead to accuracy improvements. However, the inclusion of multiple drivers affecting demand into commonly used ARIMA and ETS models is not straightforward, particularly when many explanatory ...
Date: 2022
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Origin: Repositório Científico do Instituto Politécnico do Porto