Abstract:Demand forecasting is a key factor for apparel retail stores to sustain their business, especially where there are variety of products and intermittent demand. In this study, two of the most popular machine learning methods, random forest (RF) and k-nearest neighbour (KNN), have been used to forecast retail apparel's intermittent demand. Numerous variables that may have an effect on the sales, have been taken into account one of which is defined as "special day" that might trigger intermittency in the demand. … Show more
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