Forecasting intermittent demand: Traditional smoothing approaches versus the Croston method
January 1, 2020
Most data scientists use traditional methods of forecasting, such as exponential smoothing or ARIMA, to forecast a product demand. However, when the product experiences several periods of zero demand, approaches such as Croston may provide a better accuracy over these traditional methods. Prateek Nagaria compares traditional and Croston methods in R on intermittent demand time series.