Session will reveal innovations, strategies and case study examples around how to leverage Life Cycle Price Optimization to help retailers forecast shopper demand
AUSTIN, TX – (November 10, 2014) – Revionics, Inc., a global provider of End-to-End Merchandise Optimization solutions, announced today that Jeff Moore, Revionics Chief Science Officer and Andrew Vakhutinsky, Revionics Principal Scientist, will be presenting at the 2014 INFORMS Annual Meeting, November 9-12, 2014, at the Hilton, Union Square in San Francisco, California.
This year’s conference theme is Bridging Data and Decisions and will provide real-world examples and methodologies for moving from data discovery to ROI and real business value. The conference features presentations on real-world applications of big data and analytics, presented by global industry and university leaders, including: Revionics, Google, U.S. Centers for Disease Control and Prevention, KidRisk, FICO, SAS, Stanford, MIT, Columbia University and more.
Revionics’ session details include:
Tuesday, November 11, 8:00 – 9:30 a.m. (PST)
- Bryan Ball, Researcher, Revionics
- Jeff Moore, Chief Science Officer, Revionics
- Andrew Vakhutinsky, Principal Scientist, Revionics
Cluster: Revenue Management & Pricing | Title: Revenue Management in Retail and Service I
Revionics will present an analysis of several methods of "sight unseen" demand forecasting for retail goods using attribute-based models. The speakers will describe the product attributes used, the method of holdout testing used to gauge prediction accuracy and to compare models, and the various modeling approaches employed (regression models, decision trees, and random-forests). The session will describe how these methods performed across a set of test cases using retail demand history.
About Revionics, Inc.
Revionics delivers proven End-to-End Merchandise Optimization solutions, enabling retailers of all sizes to execute a fact-based omnichannel merchandising strategy utilizing the most comprehensive set of shopper demand signals to enhance financial performance with improved customer satisfaction. Revionics’ solutions leverage advanced predictive analytics and demand-based science to ensure retailers have the right product, price, promotion, placement and space allocation for optimal results across all touch points in the omnichannel shopping episode – online, in-store, social and mobile. Offered on a scalable, high performance SaaS platform, these solutions deliver insights and recommendations at speed, scale and frequency, while providing speed-to-ROI. Over 37,000 global retail locations representing $150+B in annual revenue across grocery, drug, building materials, convenience, general merchandise, discount, sporting goods stores and eCommerce sites optimize with Revionics’ solutions. Revionics has been recognized as a Deloitte Technology Fast 500™, Red Herring Top 100 Global, Red Herring Top 100 Americas and JMP Securities’ Hot 100 Software Company. For more information, visit www.revionics.com