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In today's dynamic marketplace, accurately forecasting product demand is essential for optimizing inventory management, production planning, and ensuring customer satisfaction. This project capitalizes on the potential of machine learning to tackle this critical business challenge.
How to make forecast with python ? I develop a software that allows to : - Make commercial forecasts from a history - Compare several forecasting methods - Display the results (forecasts and comparison)
In this project, the Seoul Bike Share Demand dataset was used to understand bike share use trends, apply machine learning techniques to predict the number of bikes rented at any given hour and provide reasonable explanations from the best predicting model to understand factors affecting bike share demands.
Forecasted product sales using time series models such as Holt-Winters, SARIMA and causal methods, e.g. Regression. Evaluated performance of models using forecasting metrics such as, MAE, RMSE, MAPE and concluded that Linear Regression model produced the best MAPE in comparison to other models