fixed some typos in text
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@ -14,7 +14,7 @@ Use the '*Deploy*' button on this page to deploy an instance of the Solution for
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## Description
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The Demand Forecasting for Shipping and Distribution Solution uses historical demand data to forecast demand in future periods across varios customers, products and destinations. For instance, a shipping or delivery company wants to predict the quantities of the different products its customers want delivered at different locations at future times. Similarly a vendor or insurer wants to know the number of products that will be returned due to failures over the course of a year. A company can use these forecasts as input to an allocation tool that optimizes operations, such as delivery vehicles routing, or to plan capacity in the longer term.
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The Demand Forecasting for Shipping and Distribution Solution uses historical demand data to forecast demand in future periods across various customers, products and destinations. For instance, a shipping or delivery company wants to predict the quantities of the different products its customers want delivered at different locations at future times. Similarly a vendor or insurer wants to know the number of products that will be returned due to failures over the course of a year. A company can use these forecasts as input to an allocation tool that optimizes operations, such as delivery vehicles routing, or to plan capacity in the longer term.
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Characteristic of all of these forecasting cases are:
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@ -22,7 +22,7 @@ Characteristic of all of these forecasting cases are:
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- There is a history available for the quantity of the item at each time in the past.
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- The volumes of the items differ widely, with possibly a substantial number that have zero volume at times.
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- The history of items shows both trend and seasonality, possibly at multiple time scales.
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- The quantities commited or returned are not strongly price sensitive. In other words, the delivery company cannot
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- The quantities committed or returned are not strongly price sensitive. In other words, the delivery company cannot
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strongly influence quantities by short-term changes in prices, although there may be other determinants that
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affect volume, such as weather.
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@ -20,7 +20,7 @@ Characteristic of all of these forecasting cases are:
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- There is a history available for the quantity of the item at each time in the past.
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- The volumes of the items differ widely, with possibly a substantial number that have zero volume at times.
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- The history of items shows both trend and seasonality, possibly at multiple time scales.
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- The quantities commited or returned are not strongly price sensitive. In other words, the delivery company cannot
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- The quantities committed or returned are not strongly price sensitive. In other words, the delivery company cannot
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strongly influence quantities by short-term changes in prices, although there may be other determinants that
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affect volume, such as weather.
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