Published by Joannes Vermorel at https://blog.lokad.com/journal/2012/5/2/video-quantile-forecasts-part-2.html
Last week, we published the Quantile Forecasts - Part 1 video; here comes the Part 2. In the previous video, we discussed what quantiles were about. In short, it’s a new way to look at the inventory optimization mechanism itself.
In Part 2, we provide some non-technical insights why quantile forecasts outperforms classic ones in three usual situations.
Video summary (7min46):
- High service levels
- Intermittent demand
- Spiky demand
Don’t hesitate to post questions in comments.