← All drillsBuild a Demand Forecaster You Can Order Stock From
What you'll be able to do- ✓Build a seasonal-naive baseline and measure every forecast against it
- ✓Evaluate a forecast by walking forward in time, and show a random split overstating the score
- ✓Build forecast-time features and find the leaked feature that would not exist when you order
- ✓Forecast the 10th, 50th and 90th percentiles, check that the interval covers what it claims, and repair it from past errors
- ✓Turn a forecast range into an order quantity from the cost of running short and the cost of waste
Forecast demand the way a planning team does — beat a baseline, test by walking forward, keep the future out of your features, report a checked range, and choose how much to order from the cost of being wrong.
⌁ The demand forecasting behind inventory, staffing and capacity planning — Amazon, Walmart and Uber — wherever an order must be placed before demand is known.
Start this internshipCreate an account to unlock the 4 sections, the workbench, and askThili.
BeginSections
1. Build a Demand Forecaster You Can Order Stock From
🔒 locked2. Lesson 1 - A baseline you must beat
🔒 locked3. Lesson 2 - Features that exist at forecast time
🔒 locked4. Lesson 3 - A range, then a decision
🔒 lockedDig deeper
📄DeepAR: Probabilistic Forecasting with Autoregressive Recurrent Networks (Salinas, Flunkert & Gasthaus, arXiv:1704.04110, 2017)
paper🔗Forecasting: Principles and Practice, 3rd edition (Hyndman & Athanasopoulos) — free online
book🔗UCI Bike Sharing dataset (Fanaee-T & Gama, 2013, Progress in Artificial Intelligence)
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