Demand curve: meals and drinks

Processo decisionale basato sui dati per le aziende

Ted Kwartler

Data Dude

Understanding demand, helps you ensure supply

Resource supply $$

Supply

Resource demand $$

Demand

Time series arrival patterns

Example of a time series chart

x-axis is the time periodicity
y-axis is a volume to be measured

A time series chart

Example of a time series chart

Supply and demand

Line chart represents the demand
Create a corresponding supply

Arrival Time Series

Use common sense

Data scientists use the arrival pattern to predict future demand
Mistakes can occur

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Common pitfalls

Inconsistent trend compared to business knowledge
Decimal points when integers are needed
Negative numbers that don't apply in the real world

A questionable forecast

Impractical Time Series

Let's practice!

Processo decisionale basato sui dati per le aziende

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