Applicability of the M5 to Forecasting at Walmart

Brian Seaman and John Bowman

International Journal of Forecasting, 2022, vol. 38, issue 4, 1468-1472

Abstract: The M5 Forecasting Competition, the fifth in the series of forecasting competitions organized by Professor Spyros Makridakis and the Makridakis Open Forecasting Center at the University of Nicosia, was an extremely successful event. This competition focused on both the accuracy and uncertainty of forecasts and leveraged actual historical sales data provided by Walmart. This has led to the M5 being a unique competition that closely parallels the difficulties and challenges associated with industrial applications of forecasting. Like its precursor the M4, many interesting ideas came from the results of the M5 competition which will continue to push forecasting in new directions.

Keywords: Retail Forecasting; M5 Competition; Practitioner; Walmart; Metrics (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfor:v:38:y:2022:i:4:p:1468-1472

DOI: 10.1016/j.ijforecast.2021.06.002

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