An optimized model using LSTM network for demand forecasting

• Published in: Computers & industrial engineering Vol. 143; p. 106435
• Main Authors: Abbasimehr, Hossein, Shabani, Mostafa, Yousefi, Mohsen
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.05.2020
• Subjects: Demand prediction; LSTM; RNN; Statistical methods; Time series forecasting; Time series forecasting; Statistical methods; LSTM; RNN; Demand prediction

•A demand forecasting method based on multi-layer LSTM networks is proposed.•The proposed method improves the forecasting accuracy.•It has strong ability to capture nonlinear patterns in time series data.•The empirical results show that the method outperforms other standard techniques. In a business...