Artificial Intelligence In Forecasting Tools And Techniques | Science Publishers

Forecasting deals with the uncertainty of the future. To be effective forecasting models should be timely available accurate reliable and compatible with existing database. Accurate projection of the future is of vital importance in supply chain management inventory control economic condition technology growth trend social change political change business weather forecasting stock price prediction earthquake prediction etc. AI powered tools and techniques of forecasting play a major role in improving the projection accuracy. The software running AI forecasting models use machine learning to improve accuracy. The software can analyse the past data and can make better prediction about the future trends with higher accuracy and confidence that favours for making proper future planning and decision. In other words accurate forecasting requires more than just the matching of models to historical data. The book covers the latest techniques used by managers in business today discover the importance of forecasting and learn how it's accomplished. Readers will also be familiarised with the necessary skills to meet the increased demand for thoughtful and realistic forecasts. |Artificial Intelligence in Forecasting Tools and Techniques | Science Publishers