Smarter Demand Forecasting for Fast Fashion: Hybrid Models for a Dynamic Market
Forecasting the demand for new fashion products in the fast fashion industry is a com-
plex task due to its dynamic nature, short product life cycles, and limited historical data.
Traditional forecasting models often fail, leading to inefficiencies such as overproduc-
tion or underproduction. This paper reviews key challenges and explores innovative
machine learning (ML) and artificial intelligence (AI)-based models to improve fore-
cast accuracy. We propose a hybrid AI-driven approach that integrates structured and
unstructured data sources, real-time monitoring, and ensemble models to address fore-
cast limitations in the fast fashion industry.
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- Date: 10 Apr 2025
- Time: 11:30 PM UTC to 01:00 AM UTC
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Speakers
Dileep
Smarter Demand Forecasting for Fast Fashion: Hybrid Models for a Dynamic Market
Forecasting the demand for new fashion products in the fast fashion industry is a com-
plex task due to its dynamic nature, short product life cycles, and limited historical data.
Traditional forecasting models often fail, leading to inefficiencies such as overproduc-
tion or underproduction. This paper reviews key challenges and explores innovative
machine learning (ML) and artificial intelligence (AI)-based models to improve fore-
cast accuracy. We propose a hybrid AI-driven approach that integrates structured and
unstructured data sources, real-time monitoring, and ensemble models to address fore-
cast limitations in the fast fashion industry.
Biography:
With a strong foundation in Computer Science engineering from India, I honed my expertise in the realm of IT for over fourteen years. My focus and specialization lie in Oracle ERP Cloud, where I have successfully collaborated with esteemed clients like the Mayo Clinic, Boeing, and GE to revolutionize their businesses with cutting-edge cloud-based ERP technology. Through his meticulous attention to detail and strategic optimization of day-to-day operational and SCM processes, I;ve consistently helped delivered promising results. Additionally, I recently enriched my skillset by earning an MBA in Business Analytics from the prestigious Kelley School of Business.
Agenda
5:30-5:35 pm - Introductions
5:35-6:35 pm - Presentations
6:35-7:00 pm - Questions