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10 Dec

Why These Tech Giants Are Releasing ML Based Time Series Solutions

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image-18366

According to the Mckinsey report, in the consumer goods domain, improving the accuracy of demand forecasting by 10-20% can reduce inventory by 5% and increase revenue by 2-3%. Current ML-based forecasting solutions require significant manual effort, including model construction, feature engineering and hyper-parameter tuning.  Last week, Google and Facebook especially, have come up with two…

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