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Sales Forecasting

Sales Forecasting

Predictive modeling can be used to forecast the sales of various products such as furniture, fashion accessories, electronics goods, etc. The forecasting can be drilled down to a granular level for different combinations of store-subgroup-color-size-design. Sales forecasting helps organizations in formulating their sales as well as logistics strategies.

It can help in a rise in revenue by reducing stock-outs and effectively distributing existing stock across the different stores. In addition, it helps to operate in a lean model based on sales prediction, thus saving the overall inventory holding cost

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