The value of competitive information in forecasting FMCG retail product sales and the variable selection problem

T Huang, R Fildes, D Soopramanien - European Journal of Operational …, 2014 - Elsevier
Sales forecasting at the UPC level is important for retailers to manage inventory. In this
paper, we propose more effective methods to forecast retail UPC sales by incorporating …

Forecasting retailer product sales in the presence of structural change

T Huang, R Fildes, D Soopramanien - European Journal of Operational …, 2019 - Elsevier
Grocery retailers need accurate sales forecasts at the Stock Keeping Unit (SKU) level to
effectively manage their inventory. Previous studies have proposed forecasting methods …

Demand forecasting with high dimensional data: The case of SKU retail sales forecasting with intra-and inter-category promotional information

S Ma, R Fildes, T Huang - European Journal of Operational Research, 2016 - Elsevier
In marketing analytics applications in OR, the modeler often faces the problem of selecting
key variables from a large number of possibilities. For example, SKU level retail store sales …

On the identification of sales forecasting models in the presence of promotions

JR Trapero, N Kourentzes, R Fildes - Journal of the operational …, 2015 - Taylor & Francis
Shorter product life cycles and aggressive marketing, among other factors, have increased
the complexity of sales forecasting. Forecasts are often produced using a Forecasting …

Joint in-season and out-of-season promotion demand forecasting in a retail environment

J Wolters, A Huchzermeier - Journal of Retailing, 2021 - Elsevier
Inaccurate forecasts of demand during promotions diminish the already meager profit
margins of retailers. No forecasting method described in the literature can accurately …

Product sales probabilistic forecasting: An empirical evaluation using the M5 competition data

E Spiliotis, S Makridakis, A Kaltsounis… - International Journal of …, 2021 - Elsevier
Supply chain management depends heavily on uncertain point forecasts of product sales. In
order to deal with such uncertainty and optimize safety stock levels, methods that can …

Identifying demand factors for promotional planning and forecasting: A case of a soft drink company in the UK

U Ramanathan, L Muyldermans - International journal of production …, 2010 - Elsevier
In recent years, promotions have become a common practice in many retail outlets. Usually
these promotions are planned collaboratively by manufacturers and retailers, who jointly …

Comparative study on retail sales forecasting between single and combination methods

S Aras, İ Deveci Kocakoç, C Polat - Journal of Business Economics …, 2017 - Taylor & Francis
In today's competitive global economy, businesses must adjust themselves constantly to
ever-changing markets. Therefore, predicting future events in the market-place is crucial to …

Classification-based model selection in retail demand forecasting

M Ulrich, H Jahnke, R Langrock, R Pesch… - International Journal of …, 2022 - Elsevier
Retailers supply a wide range of stock keeping units (SKUs), which may differ for example in
terms of demand quantity, demand frequency, demand regularity, and demand variation …

A survey on retail sales forecasting and prediction in fashion markets

S Beheshti-Kashi, HR Karimi, KD Thoben… - Systems Science & …, 2015 - Taylor & Francis
Sales forecasting is an essential task in retailing. In particular, consumer-oriented markets
such as fashion and electronics face uncertain demands, short life cycles and a lack of …