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New Models Sales Forecasting

New Models Sales Forecasting
Katerina Arseneva
Katerina Arseneva
Data Scientist
GFAIVE - Automated assortment mix and accurate Long term demand forecast (even for new items)

Before the creation of a new model, it’s typical to wonder how well it will perform. However, with GFAIVE’s forecasting service you no longer have to guess.

Start predicting how your brand new model design will perform in the new season with the help of neural networks and image recognition technology.

What are the potential sales of this prototype? Which design is going to perform best? What is the optimal price to charge? You can get answers to all these questions with GFAIVE’s new model sales forecasting.
 
Katerina Arseneva
Katerina Arseneva
Data Scientist
GFAIVE - Automated assortment mix and accurate Long term demand forecast (even for new items)
 
I am a Junior Data Scientist at GFAIVE, an innovative startup focused on helping retailers create ideal product mixes by relying on demand forecasts and simulations. Having spent 10+ years in fashion retail analytics and assortment management, I understand both — what industry players struggle with and how new technologies can help with these struggles. The truth is, no retailer would turn down reliable data insights and forecasts to go blindly into new collection planning. So, my goal is to ensure the data our products and services provide is of the highest accuracy. The combination of retail industry and technical background allows me to come up with creative solutions to data-related problems. Whether it’s improving the accuracy of our demand forecasts or simulations — I always consider what is the best way to help retailers reduce costs, boost sales, and maximise profits.

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