Browsing by Subject "Weighted least squares"
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Markdown Optimization in Apparel Retail Sector
(Springer Science and Business Media B.V., 2020)Price discounts, known as markdowns, are important for fast fashion retailers to utilize inventory in a distribution channel using demand management. Estimating future demand for a given discount level requires the evaluation ... -
Markdown Optimization with Generalized Weighted Least Squares Estimation
(Springernature, 2022)Retailers increasingly apply price markdowns for their seasonal products. Efficiency of these markdown applications is driven by the accuracy of empirical models, especially toward the end of a selling season. In the ...