AI-Powered Demand Forecasting Tool for Businesses
The Demand Forecast App is a web-based application designed specifically for micro and small businesses to enhance their product demand forecasting capabilities. Utilizing advanced machine learning and classical algorithms, it analyzes historical sales data to provide precise predictions of future demand. Users can easily upload their datasets in Excel format and benefit from various forecasting models including ets, arima, prophet, random forest, and svm. The app's intelligent algorithm automatically selects the most appropriate model for each product, streamlining the forecasting process.
In addition to its forecasting capabilities, the Demand Forecast App offers interactive visualizations and graphs that display predicted demand over time. This functionality allows businesses to make data-driven decisions regarding production, inventory management, and supply chain operations, ultimately leading to cost optimization. Key features include a 12-month forecasting horizon, outlier detection, support for multiple product SKUs, and ongoing updates. This tool is essential for companies looking to improve efficiency in a competitive landscape.
