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A FMCG company has entered into the instant noodles business two years back

Project Management Dec 11, 2022

A FMCG company has entered into the instant noodles business two years back. Their higher management has notices that there is a miss match in the demand and supply. Where the demand is high, supply is pretty low and where the demand is low, supply is pretty high. In both the ways it is an inventory cost loss to the company; hence, the higher management wants to optimize the supply quantity in each and every warehouse in entire country. 1. Model building and interpretation. a. Build various models (You can choose to build models for either or all of descriptive, predictive or prescriptive purposes) b. Test your predictive model against the test set using various appropriate performance metrics c.Interpretation of the model(s) 10 2. Model Tuning a.Ensemble modelling, wherever applicable b. Any other model tuning measures(if applicable) c. Interpretation of the most optimum model and its implication on the business

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