Goods Demand Forecasting

Software Solution for Demand Forecasting

Goods Demand Forecasting case study - software development company LITSLINK
What is?

Goods demand forecasting is an effective and indispensable data science solution for retail and ecommerce companies that helps them keep track of goods and predict future sales based on historical data. The software allows businesses to make rational and important decisions on determining the optimal quantity of goods and meeting the future customer demand.

What is

One of the biggest US retailers was looking for a solution that would help them analyze and predict demand for particular products throughout the country. They wanted to have a software system that would forecast the future demand for particular goods and predict when (exact month and day) and how customers will behave.


To develop a goods demand forecasting system that would meet the client’s challenges, LITSLINK started with building predictive models for different types of goods that would use historical data to analyze and forecast future sales.

Considerable in-house expertise in data science and machine learning helped us to achieve desired results. We analyzed customer, sales, inventory, and other important data. Then, we used machine learning to forecast the demand of goods across the US.


The forecasting solution helped the retailer to meet its business targets and predict future demand of goods. It allowed the client to store the right number of goods for sale and avoid exceeding its limit for the future. The software can predict the demand with 91% accuracy.

It took us only 7 weeks to complete the goods demand forecasting project for the client.

We can help you make your next project incredible

Contact us now

Related Articles

Node.js featured

What Should You Know About the Future of Node.js?

Node.js is one of the most demanded frameworks in the world. Nearly 54.1% of developers use it to create highly scalable and top-notch web applications.  Uber, Trello, and other renowned apps were built with Node.js. Simple code sharing, large development community, mild learning curve, and fast performance are among the main benefits of this t...
The future of java featured

What Is the Future of Java?

The global community of developers is expected to increase by 28.7 million in 2024. And 63.1% of programmers mentioned that they would continue to code in Java along with Python, HTML/CSS, and SQL. Also, such corporate giants like Google, Microsoft, and Amazon are still using Java in their software development processes. So, will this technolog...
Whitepaper top

AI Whitepaper: Data Science Trends You’ll Benefit From in 2021-2022

Data science is no longer a buzzword in the world of tech. It is a powerful instrument that equips companies with practical tools to automate their operations, improve decision-making, and gain meaningful insights to boost businesses. Read our whitepaper to find out the key trends in data science that will dominate the software development lands...
Btn scroll top 4x2