Retail Demand Forecasting

Sales and demand forecasting is one the most critical tasks of enterprises. It lays the foundation for many other essential business assumptions, such as cash flows, profit margins, turnover, capacity planning, and capital expenditure. This report presents a solution for the case study of forecasting monthly sales of one of the largest retail stores in Europe, Rossman chain stores. There are three steps in which this problem will be handled. First, a complete and comprehensive exploratory data analysis will be done to understand the data and perform feature engineering. Secondly, a time series will be modeled by autoregressive models using machine learning and neural networks. Thirdly, these models will be evaluated with standard time series evaluation metrics. Some of the commonly used approaches to achieving the prediction value or models include the ARIMA and classification-based modeling techniques for forecasting. The literature review indicates that these aspects are hard to choose due to the need for matching the supply and demand of consumers being critical as more consumers prefer more reliable companies and companies that can consistently deliver on what they need and when they need. People have underappreciated machine learning’s ability to make data-driven predictions. Still, given the analysis results, companies are now starting to realize its potential and are investing more in this technology

Air Force Institute of Technology Research Report 2013

This report summarizes the research activities of the Air Force Institute of Technology’s Graduate School of Engineering and Management. It describes research interests and faculty expertise; lists student theses/dissertations; identifies research sponsors and contributions; and outlines the procedures for contacting the school. Included in the report are: faculty publications, conference presentations, consultations, and funded research projects. Research was conducted in the areas of Aeronautical and Astronautical Engineering, Electrical Engineering and Electro-Optics, Computer Engineering and Computer Science, Systems Engineering and Management, Operational Sciences, Mathematics, Statistics and Engineering Physics

Air Force Institute of Technology Research Report 2017

This Research Report presents the FY18 research statistics and contributions of the Graduate School of Engineering and Management (EN) at AFIT. AFIT research interests and faculty expertise cover a broad spectrum of technical areas related to USAF needs, as reflected by the range of topics addressed in the faculty and student publications listed in this report. In most cases, the research work reported herein is directly sponsored by one or more USAF or DOD agencies. AFIT welcomes the opportunity to conduct research on additional topics of interest to the USAF, DOD, and other federal organizations when adequate manpower and financial resources are available and/or provided by a sponsor. In addition, AFIT provides research collaboration and technology transfer benefits to the public through Cooperative Research and Development Agreements (CRADAs)

Predictive Analytics in Information Systems Research

This research essay highlights the need to integrate predictive analytics into information systems research and shows several concrete ways in which this goal can be accomplished. Predictive analytics include empirical methods (statistical and other) that generate data predictions as well as methods for assessing predictive power. Predictive analytics not only assist in creating practically useful models, they also play an important role alongside explanatory modeling in theory building and theory testing. We describe six roles for predictive analytics: new theory generation, measurement development, comparison of competing theories, improvement of existing models, relevance assessment, and assessment of the predictability of empirical phenomena. Despite the importance of predictive analytics, we find that they are rare in the empirical IS literature. Extant IS literature relies nearly exclusively on explanatory statistical modeling, where statistical inference is used to test and evaluate the explanatory power of underlying causal models, and predictive power is assumed to follow automatically from the explanatory model. However, explanatory power does not imply predictive power and thus predictive analytics are necessary for assessing predictive power and for building empirical models that predict well. To show that predictive analytics and explanatory statistical modeling are fundamentally disparate, we show that they are different in each step of the modeling process. These differences translate into different final models, so that a pure explanatory statistical model is best tuned for testing causal hypotheses and a pure predictive model is best in terms of predictive power. We convert a well-known explanatory paper on TAM to a predictive context to illustrate these differences and show how predictive analytics can add theoretical and practical value to IS research

Quantitative Legal Prediction--or--How I Learned to Stop Worrying and Start Preparing for the Data-Driven Future of the Legal Services Industry

Welcome to law\u27s information revolution-revolution already in progress

Corporate Bankruptcy Prediction

Bankruptcy prediction is one of the most important research areas in corporate finance. Bankruptcies are an indispensable element of the functioning of the market economy, and at the same time generate significant losses for stakeholders. Hence, this book was established to collect the results of research on the latest trends in predicting the bankruptcy of enterprises. It suggests models developed for different countries using both traditional and more advanced methods. Problems connected with predicting bankruptcy during periods of prosperity and recession, the selection of appropriate explanatory variables, as well as the dynamization of models are presented. The reliability of financial data and the validity of the audit are also referenced. Thus, I hope that this book will inspire you to undertake new research in the field of forecasting the risk of bankruptcy

Towards More Nuanced Patient Management: Decomposing Readmission Risk with Survival Models

Unplanned hospital readmissions are costly and associated with poorer patient outcomes. Overall readmission rates have also come to be used as performance metrics in reimbursement in healthcare policy, further motivating hospitals to identify and manage high-risk patients. Many models predicting readmission risk have been developed to facilitate the equitable measurement of readmission rates and to support hospital decision-makers in prioritising patients for interventions. However, these models consider the overall risk of readmission and are often restricted to a single time point. This work aims to develop the use of survival models to better support hospital decision-makers in managing readmission risk. First, semi-parametric statistical and nonparametric machine learning models are applied to adult patients admitted via the emergency department at Gold Coast University Hospital (n = 46,659) and Robina Hospital (n = 23,976) in Queensland, Australia. Overall model performance is assessed based on discrimination and calibration, as measured by time-dependent concordance and D-calibration. Second, a framework based on iterative hypothesis development and model fitting is proposed for decomposing readmission risk into persistent, patient-specific baselines and transient, care-related components using a sum of exponential hazards structure. Third, criteria for patient prioritisation based on the duration and magnitude of care-related risk components are developed. The extensibility of the framework and subsequent prioritisation criteria are considered for alternative populations, such as outpatient admissions and specific diagnosis groups, and different modelling techniques. Time-to-event models have rarely been applied for readmission modelling but can provide a rich description of the evolution of readmission risk post-discharge and support more nuanced patient management decisions than simple classification models

Women in Artificial intelligence (AI)

This Special Issue, entitled "Women in Artificial Intelligence" includes 17 papers from leading women scientists. The papers cover a broad scope of research areas within Artificial Intelligence, including machine learning, perception, reasoning or planning, among others. The papers have applications to relevant fields, such as human health, finance, or education. It is worth noting that the Issue includes three papers that deal with different aspects of gender bias in Artificial Intelligence. All the papers have a woman as the first author. We can proudly say that these women are from countries worldwide, such as France, Czech Republic, United Kingdom, Australia, Bangladesh, Yemen, Romania, India, Cuba, Bangladesh and Spain. In conclusion, apart from its intrinsic scientific value as a Special Issue, combining interesting research works, this Special Issue intends to increase the invisibility of women in AI, showing where they are, what they do, and how they contribute to developments in Artificial Intelligence from their different places, positions, research branches and application fields. We planned to issue this book on the on Ada Lovelace Day (11/10/2022), a date internationally dedicated to the first computer programmer, a woman who had to fight the gender difficulties of her times, in the XIX century. We also thank the publisher for making this possible, thus allowing for this book to become a part of the international activities dedicated to celebrating the value of women in ICT all over the world. With this book, we want to pay homage to all the women that contributed over the years to the field of AI