Creating a Demand Forecasting System with ARIMA and Prophet
In the realm of supply chain management, accurate demand forecasting is crucial for optimizing inventory levels, reducing costs, and improving overall efficiency. Two powerful tools for achieving this are ARIMA (AutoRegressive Integrated Moving Average) and Prophet, an open-source library developed by Facebook Core Data Science. In this article, we will delve into the process of creating a demand forecasting system using both ARIMA and Prophet, providing practical examples and step-by-step instructions. ...