November 22, 2024
14:30 - 17:30
ISBA - C115 (1st Floor)
The latest forecasting innovations, showing how data can be transformed into valuable predictive insights
Note: This talk will be given in presence in room C-115. Online access is possible but the quality cannot be guaranteed.
Speaker:
Thomas Christ, Chief data scientist at the company prognostica, Würzburg, Germany.
Summary:
In today’s fast-paced world, data-driven forecasting is crucial for staying competitive. This session explores the latest forecasting innovations, showing how data can be transformed into valuable predictive insights.
14h30 Part 1
We’ll begin with the basics: How do advanced methods—from traditional statistics to machine learning and foundation models—reveal hidden patterns in historical data? Using a demand forecasting example, we’ll discuss building accurate, actionable models and addressing practical challenges, like handling intermittent demand, managing data hierarchies, and integrating external sources. Key success factors such as model explainability, user engagement, and adaptability will also be covered to ensure forecasts are both precise and trusted by decision-makers.
15h30 Coffee break
16h00 Part 2
The session’s second part will bring theory to life with interactive examples, like predicting solar flare activity or tracking urban bike traffic. Join us to learn how to turn forecasting theory into practical insights, gaining tools and strategies to stay ahead in this rapidly evolving field.
At 17h30, we'll probably go to have a beer at the Crêperie Bretonne. Feel free to join us.