Tackling the Cold Start Challenge in Demand Forecasting [PyCon DE & PyData Berlin 2024]

🔊 Recorded at PyCon DE & PyData Berlin 2024, 23.04.2024
https://2024.pycon.de/program/H3X3AX/

🎓 Watch experts dive into innovative solutions for tackling the Cold Start Challenge in Demand Forecasting, offering practical insights and a systematic framework to optimize forecasting strategies.

Speakers:
Alexander Meier, Daria Mokrytska

Description:
In a compelling talk, Alexander Meier, a Senior Data Scientist, and Daria Mokrytska, an AI Scientist, delve into the complex realm of tackling the Cold Start challenge in Demand Forecasting. The speakers shed light on the issue of limited historical data, particularly prevalent in scenarios like new product launches in Retail. The talk underscores the struggles faced by existing Time Series and Machine Learning models due to their reliance on extensive historical data for effective forecasting.

The session kicks off with an in-depth examination of established techniques aimed at mitigating the Cold Start problem, such as padding, feature engineering, and leveraging item similarities. Moreover, the speakers delve into cutting-edge strategies like Transfer Learning for Time Series, showcasing evolving trends in the field.

Highlighting the importance of selecting the most fitting approach for a specific dataset or use case, the speakers stress the complexity surrounding this decision-making process. To demystify this challenge, they introduce a practical framework for systematically evaluating diverse forecasting strategies within the Cold Start context. This framework aims to equip attendees with the necessary tools to make informed decisions tailored to their datasets and unique scenarios.

⭐️ About PyCon DE & PyData Berlin:
The PyCon DE & PyData conference unite the Python, AI, and data science communities, offering a unique platform for collaboration and innovation. The PyCon DE & PyData Berlin 2024 conference, hosted in partnership with the local Berlin PyData chapter, provided an exceptional experience, fostering deeper connections within the Python community while showcasing advancements in AI and data science. Attendees enjoyed a diverse and engaging program, solidifying the event as a highlight for Python and AI enthusiasts nationwide.

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Links:
• Conference website: http://pycon.de
• Related sessions: http://2024.pycon.de/program/categori...

The conference is organized by
• Python Softwareverband e.V.: http://pysv.org
• NumFOCUS Inc.: http://numfocus.org
• Pioneers Hub gemeinnützige GmbH: http://pioneershub.org


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#Python #PyConDE #PyData #OpenSource #AI #DataScience #MachineLearning #SoftwareDevelopment #LLMs #Community

Acknowledgements:
Special thanks to all the volunteers and sponsors who made this event possible.

About:
Python Softwareverband e.V.:
PySV is a non-profit that promotes the use and development of Python in Germany through events, education, and advocacy, fostering an open Python community.

NumFOCUS Inc.
supports open-source scientific computing by providing financial and logistical support to key projects like NumPy and Jupyter, promoting sustainable development and collaboration.

Pioneers Hub gemeinnützige GmbH:
is a non-profit fostering innovation in AI and tech by connecting experts and promoting knowledge exchange through events and collaborative initiatives.
www.pydata.org

PyData is an educational program of NumFOCUS, a 501(c)3 non-profit organization in the United States. PyData provides a forum for the international community of users and developers of data analysis tools to share ideas and learn from each other. The global PyData network promotes discussion of best practices, new approaches, and emerging technologies for data management, processing, analytics, and visualization. PyData communities approach data science using many languages, including (but not limited to) Python, Julia, and R.