Garvis Blog Statistics, ML and AI in Demand Planning: Are All Created Equal?

In the realm of demand planning, it is essential to understand the differences between statistical forecasts, machine learning (ML) methods, and artificial intelligence (AI). These terms are often misused, leading to confusion and obscuring the unique differences. This article aims to demystify the terminology by shedding light on the crucial distinctions and highlighting how each approach contributes to the field of demand planning.