Artificial intelligence in forecasting tools and techniques
"Importance of forecasting is to deal with the uncertainty of the future. An accurate Forecasting should be timely available, accurate, reliable and compatible with existing database. Accurate projection of the future is highly demanding for supply chain management, inventory control, economic...
| Other Authors: | , , |
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| Format: | eBook |
| Language: | English |
| Published: |
Boca Raton
CRC Press
2024
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| Edition: | First edition |
| Subjects: | |
| Online Access: | |
| Collection: | O'Reilly - Collection details see MPG.ReNa |
| Summary: | "Importance of forecasting is to deal with the uncertainty of the future. An accurate Forecasting should be timely available, accurate, reliable and compatible with existing database. Accurate projection of the future is highly demanding for supply chain management, inventory control, economic condition, technology, growth trend, social change, political change, business, weather forecasting, stock price prediction, earth quake prediction and many more. In this direction AI powered tools and techniques of forecasting plays a major role to improve the projection accuracy. AI powered forecasting software uses machine learning techniques to improve accuracy. The software can analyse the past data and can make better prediction about the future trends with higher accuracy and confidence that favours for making proper future planning and decision. Moreover, AI forecasting tools are better in a sense that it can gradually improve its accuracy. In other words, accurate forecasting requires more than just the fitting of models to historical data. Inside, readers will find the latest techniques used by managers in business today, discover the importance of forecasting and learn how it's accomplished. And readers will develop the necessary skills to meet the increased demand for thoughtful and realistic forecasts"-- |
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| Physical Description: | 1 online resource |
| ISBN: | 9781003399292 9781040051528 9781040051504 1003399290 1040051529 |