Conditional Probability Made Easy – Heart of Machine Learning

Probabilities are persuasive in supply chains and analytic methods – especially in machine learning where conditional probability is a dominant underlying structure that makes or breaks the success of an application. In this blog, we will learn how to take the mystery out of the term ‘conditional probability’.

Lots of Zeroes? Basic Guidelines to Managing Intermittent Demand – Part 2

In Part 1 of this blog, we closed with the following question: “OK, intermittent demand creates a challenge, but I still need a demand estimate, what do I do!” Below we will provide an answer, but with a different orientation that begins with the question: “what is the purpose of the demand estimate?”

By |2019-11-13T11:43:14-05:00November 13th, 2019|Demand Planning, Forecasting|1 Comment

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