The prediction accuracy of the model is as high as 94%! Using machine learning to solve the 200 billion dollar inventory problem perfectly

{"type":"doc","content":[{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","marks":[{"type":"italic"},{"type":"strong"}],"text":" This article was originally published in Towards Data Science Blog , The original author Fabrizio Fantini to grant authorization ,InfoQ Translate and share ."}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","text":" You know what? ？ In America alone , It's worth it "},{"type":"link","attrs":{"href":"https:\/\/www.census.gov\/mtis\/www\/data\/pdf\/mtis_current.pdf","title":"","type":null},"content":[{"type":"text","text":" exceed 2 "}]},{"type":"link","attrs":{"href":"https:\/\/www.census.gov\/mtis\/www\/data\/pdf\/mtis_current.pdf","title":"","type":null},"content":[{"type":"text","text":" One trillion "}]},{"type":"link","attrs":{"href":"https:\/\/www.census.gov\/mtis\/www\/data\/pdf\/mtis_current.pdf","title":"","type":null},"content":[{"type":"text","text":" Dollar stock "}]},{"type":"text","text":","},{"type":"link","attrs":{"href":"https:\/\/www.census.gov\/mtis\/www\/data\/pdf\/mtis_current.pdf","title":"","type":null},"content":[{"type":"text","text":" Every sale 1 dollar , There are more than 1.4 Dollar stock "}]},{"type":"text","text":"."}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","text":" That number at least exceeds 2000 Billion dollars , Maybe even more . For the following reasons ."}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","text":" Inventory of goods is usually perishable ： Some goods lose value as the trend changes ; Some goods are seasonal , Seasonality plays an important role in demand ; Some products are just out of date or wasted ; Some items may be on the shelf for a longer time . Everything will be gone . also , Because of the financial costs required , It's expensive to stock up anyway ."}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","text":" Now , Consumers have more and more choices ： They are taking full advantage of this diversity , And become more selective than ever . Whether in the B2B still B2C, Is so ."}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","text":" New analytical techniques emerge as the times require , Sure "},{"type":"text","marks":[{"type":"strong"}],"text":" Cut back on this wasteful inventory 10% Or more "},{"type":"text","text":". I have more than "},{"type":"link","attrs":{"href":"https:\/\/www.hbs.edu\/faculty\/Pages\/item.aspx?num=55823","title":"","type":null},"content":[{"type":"text","text":" once "}]},{"type":"link","attrs":{"href":"https:\/\/evo.ltd\/microsoft","title":"","type":null},"content":[{"type":"text","text":" To do so "}]},{"type":"text","text":" 了 , So I know it works ; that , What's the most fascinating part of the story ？"}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","text":"> The best solution is not just machine learning , It's a combination of machine learning and human input ."}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null},"content":[{"type":"text","text":" Let's keep reading , To learn about my incredible experience ."}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}},{"type":"heading","attrs":{"align":null,"level":2},"content":[{"type":"text","text":" Review and prospect "}]},{"type":"paragraph","attrs":{"indent":0,"number":0,"align":null,"origin":null}}]}