12 Forecasting Methods in AIF

This chapter discusses the forecast methodologies available in Oracle’s Next Generation AI Foundation (AIF). The intent of this chapter is to highlight forecast algorithms that are available with Oracle’s Retail & Analytics Planning (RAP) cloud services within AIF. RAP solutions consist of Assortment Planning (AP), Assortment Space Optimization (ASO), Inventory Planning Optimization (IPO), LifeCycle Pricing Optimization (LPO), Merchandise Financial Planning (MFP), and Retail Insights (RI). To facilitate the retailer’s planning and analytics needs, RAP solutions may be deployed with the forecasting capabilities of AIF. The utilization of forecasting methodologies discussed in the chapter will differ based on the cloud services implemented and the unique requirements of each retailer’s business.