5th Place in Data Analysis Challange
Date:
Seasonal demand planning is essential for retailers as it provides a strategic approach to meeting demand throughout the season, considering factors like promotions, changing customer preferences, and new product introductions. Despite its complexity, effective seasonal demand forecasting helps prevent both stock-outs, which result in financial losses, and excess stock, leading to storage costs and product expirations. Bogazici University Operational Research Club challenges competitors to create a highly accurate product forecasting model for seasonal needs.