The Demand Forecasting Model
This chapter’s objective is to develop an overarching linear basis function model to forecast demand, which is done in Section 6.1. To ensure that it includes all relevant demand drivers, the model is validated following a typical frequentist interpretation and using the appropriate tests in Section 6.2 before the approach is finally extended to allow for Bayesian learning in Section 6.3.
KeywordsOnline Learning Forecast Accuracy Predictive Distribution Forecast Horizon Demand Forecast
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