“Deep Learning Based Forecasting: a Case Study from the Online Fashion Industry”, 2023-05-23 ():
Demand forecasting in the online fashion industry is particularly amendable to global, data-driven forecasting models because of the industry’s set of particular challenges. These include the volume of data, the irregularity, the high amount of turn-over in the catalog and the fixed inventory assumption. While standard deep learning forecasting approaches cater for many of these, the fixed inventory assumption requires a special treatment via controlling the relationship between price and demand closely.
In this case study [of Zalando], we describe the data and our modeling approach for this forecasting problem in detail and present empirical results that highlight the effectiveness of our approach.