Since 2020, aggregated from related topics
Multiproduct forecasting is a research area that focuses on predicting the demand or sales of multiple products or items simultaneously. This type of forecasting is useful for businesses that offer a variety of products or services and want to optimize their inventory management, production planning, and marketing strategies. Multiproduct forecasting algorithms often take into account the interdependencies between different products, as well as external factors such as seasonality, consumer trends, and economic conditions. By accurately predicting the demand for multiple products, businesses can make more informed decisions about pricing, promotions, and product launches, ultimately leading to improved performance and profitability.