Forecasting Models
Forecasting Models are sophisticated AI techniques that analyze historical data to predict future trends in market behavior or consumer preferences.
These models are essential for businesses to anticipate changes in demand, adapt to market dynamics, and optimize resource allocation.
By understanding potential future scenarios, companies can proactively manage inventory, adjust marketing strategies, and allocate budgets more effectively. In retail, for example, forecasting models can predict seasonal fluctuations in product demand, helping stores prepare by adjusting stock levels and marketing campaigns in advance.
