International Journal of Statistics and Applied Mathematics
2017, Vol. 2, Issue 6, Part B
Data challenges and remedies of demand forecast in fashion businessAuthor(s):
Rajasekhar Kalla, Dr. Saravana Murikinjeri, R Abbaiah and Hemasekhar PallaAbstract:
The sales forecast is an essential aspect in the area of fashion business. In particular, forecasting the future demand for fashion goods is much harder due to some reasons such as short life span of the products, seasonal effects, available sales history etc. There are various traditional and advanced forecasting techniques available for forecast the demand. But all those models perform well only if we consider data in a proper way. The present study explains the different types of data challenges which occurs very frequently while forecasting the demand for fashion goods. Along with the issues, it addresses their remedies as well.Pages: 85-91 | Views: 997 | Downloads: 25Download Full Article: Click Here
How to cite this article:
Rajasekhar Kalla, Dr. Saravana Murikinjeri, R Abbaiah, Hemasekhar Palla. Data challenges and remedies of demand forecast in fashion business. Int J Stat Appl Math 2017;2(6):85-91.