Forecasting Seasonal Sales with Many Drivers: Shrinkage or Dimensionality Reduction?

Retailers 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...

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Bibliographic Details
Main Authors: Patrícia Ramos, José Manuel Oliveira, Nikolaos Kourentzes, Robert Fildes
Format: Article
Language:English
Published: MDPI AG 2022-12-01
Series:Applied System Innovation
Subjects:
Online Access:https://www.mdpi.com/2571-5577/6/1/3