EDGE Partner Event: Dynamic Demand Forecasting in a Post Pandemic World

Description: In today’s fast-paced and ever-changing environment, accurate and reliable forecasting is critical for organizations to effectively plan their budgets, allocate resources, and ensure compliance with industry standards and ADA regulations. The ability to anticipate and meet demand not only enhances operational efficiency, but also positions organizations to respond proactively to market fluctuations and regulatory requirements.

This training session delves into the power of Long Short-Term Memory (LSTM) models, a cutting-edge machine learning approach that is revolutionizing demand forecasting. Participants will explore a compelling case study from a major transit operation in Los Angeles, CA, where the LSTM model achieved a Mean Adjusted Percentage Error (MAPE) of just 0.93% compared to 7.31% with traditional forecasting methods during the same testing period. This significant improvement underscores the potential of AI-driven models to surpass traditional techniques to provide more precise and actionable insights.

By participating in this session, you will gain a deep understanding of how AI and LSTM models can elevate your organization’s forecasting capabilities. You will also learn about key advancements in machine learning that are transforming demand forecasting, enabling you to make informed decisions about budgeting, resource planning, and operational optimization.

Learning Objectives:

·     Elevate Forecasting Capabilities: Gain insights into how AI, specifically LSTM models, can enhance your organization's capability to produce accurate and reliable forecasts.

·     Key Advancements in Machine Learning: Discover the latest advancements in LSTM and machine learning models, and how they are setting new standards for demand forecasting accuracy.

·     Roadmap for Operational Excellence: Develop a personalized roadmap to integrate advanced AI forecasting models into your organization’s budgeting and operational resource planning strategies.

Presenter: Brad Hollingsworth is a Certified Lean Six Sigma Master Black Belt and Registered Professional Engineer focused on continuous improvement and operational excellence. He provides the expertise and knowledge to help organizations accomplish significant cost reductions and efficiencies through quality and reliable data analysis and detailed planning of project implementation. He coaches and mentors project teams, leading to measurable results. He is passionate about solving problems caused by wasted time and resources, and prides himself on improving systems and processes to drive the quality of performance in organizations. Hollingsworth’s motto is “Systems drive quality. Culture drives improvement.” He helps clients REDUCE waste and increase PROFIT and impact.

Registration: Here

Flyer: Here