Question: An important application of predictive models is understanding sales. For a company that produces and sells a product, having excess inventory can lead to additional

An important application of predictive models is understanding sales. For a company that produces and sells a product, having excess inventory can lead to additional warehouse storage costs, or outdated products. Having too little inventory can lead to lost sales and unmet demand. If the company can predict sales before producing the product, they can better match production with customer demand

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