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    Enhancing Sales Forecasting with Data Science

    Client : A Leading Company
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    case study
    • Retail
    • Data Science
    Problem Statement Problem Statement

    A leading company faced challenges with its sales forecasting team spending significant time on data retrieval and manual analysis. The team was often bogged down by inconsistent data across various products, leading to suboptimal forecasting accuracy.

    The company needed a solution to streamline the forecasting process, allowing the team to focus on strategic decision-making rather than data fetching and processing.

    Solutions Implemented
    • Dedicated data science team for multi-algorithm approach.
    • Holt-Winters, Neural Networks, ETS, and ARIMA used for forecasting.
    • Tailored forecasting models for different product categories.
    • Rolling forecasts and comparative trend analysis provided.
    • Seamless data interaction through Copilot integration.
    • Focus on high-margin products to improve sales performance.
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    Business Impact
    • 50% Reduction in Time Spent on Data Retrieval.
    • Achievement of Annual Sales Targets by Month 10.
    • 25% Improvement in Forecasting Accuracy Across Product Lines.
    • Enhanced Strategic Decision-Making within the Sales Forecasting Team.
    • Increased Focus on HighMargin Products by Sales Teams.

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