Author: yw016
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Challenges in Demand Forecasting in the Automotive Industry: Traditional vs. AI/ML-Based Approaches
Note: This blog post was written for the module Enterprise IT (113601a). Introduction Demand forecasting is all about estimating the future demand for a product or service. The automotive industry operates in highly volatile markets with complex supply chains, making demand forecasting a critical challenge. Recent developments, such as fluctuating sales, changing regulatory requirements and potential trade…