Infographic explaining a forecasting service
- Status: Closed
- Prize: $150
- Entries Received: 116
- Winner: W3WEBHELP
Contest Brief
We have a service that projects sales across a number of categories. E.g sales, number of customers, number of a specific product sold etc.
We want an infographic that can explain to a non-technical user how the algorithm comes up with the projections.
This is for chains, with several different stores, so the algorithm learns from the history of all different stores, and also based on configuration, learns the patterns of different types of stores, like location, size, type of store etc.
Then we feed the algorithm the historical data for the different variables we predict, along with some relevant data for each different time in the history, and the future:
Public holidays
Weather (precipitation, cloud coverage etc)
Promotional information (whether or not there is a national promotion for a specific product or product group)
The algorithm learns the seasonality, the trends, the effects holidays, promotions and weather has, in addition to the different categorizations we do for each store, like location, type of store and other relevant categorizations.
Then based on this learning we can predict sales for the different categories.
We want a graphic representation of this flow, to easier explain to non-technical end users how the process works, and how the algorithm comes up with the predictions it does.
Any text should be in US English.
If you have any questions, or need any more information, let us know, and we will try to give quick responses.
Our company logo and colors are attached.
Update 10:35 UTC+2: Added a quick sketch of what we think could be one way to go.
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“@W3WEBHELP won the contest on 22 October 2020”
landsem, Norway.
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