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Management article
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Reference no. SMR65315
Published by: MIT Sloan School of Management
Published in: "MIT Sloan Management Review", 2024
Length: 7 pages
Topics: Operations

Abstract

Today's fad-driven retail environment is volatile, making it challenging for companies to accurately predict product demand. The authors provide a framework that considers both product life cycle and demand volatility that can help organizations fine-tune their product demand forecasting, with human and AI agents working in concert.

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Abstract

Today's fad-driven retail environment is volatile, making it challenging for companies to accurately predict product demand. The authors provide a framework that considers both product life cycle and demand volatility that can help organizations fine-tune their product demand forecasting, with human and AI agents working in concert.

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