Introduction to Grey system theory
The Journal of Grey System
Dynamic Assortment with Demand Learning for Seasonal Consumer Goods
Management Science
Sales forecasting using extreme learning machine with applications in fashion retailing
Decision Support Systems
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
A new fast forecasting technique using high speed neural networks
SSIP'08 Proceedings of the 8th conference on Signal, Speech and image processing
Expert Systems with Applications: An International Journal
The forecasting model based on wavelet ν-support vector machine
Expert Systems with Applications: An International Journal
Evolving neural network for printed circuit board sales forecasting
Expert Systems with Applications: An International Journal
Inventory Management of a Fast-Fashion Retail Network
Operations Research
A hybrid SARIMA wavelet transform method for sales forecasting
Decision Support Systems
An intelligent fast sales forecasting model for fashion products
Expert Systems with Applications: An International Journal
A Neuro-Fuzzy Inference System Through Integration of Fuzzy Logic and Extreme Learning Machines
IEEE Transactions on Systems, Man, and Cybernetics, Part B: Cybernetics
IEEE Transactions on Neural Networks
Financial time series forecasting with a bio-inspired fuzzy model
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
New robust forecasting models for exchange rates prediction
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Using genetic algorithm based knowledge refinement model for dividend policy forecasting
Expert Systems with Applications: An International Journal
Forecasting nonnegative option price distributions using Bayesian kernel methods
Expert Systems with Applications: An International Journal
Advanced probabilistic approach for network intrusion forecasting and detection
Expert Systems with Applications: An International Journal
Improving prediction of exchange rates using Differential EMD
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
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Fast fashion is a commonly adopted strategy in fashion retailing. Under fast fashion, operational decisions have to be made with a tight schedule and the corresponding forecasting method has to be completed with very limited data within a limited time duration. Motivated by fast fashion business practices, in this paper, an intelligent forecasting algorithm, which combines tools such as the extreme learning machine and the grey model, is developed. Our real data analysis demonstrates that this newly derived algorithm can generate reasonably good forecasting under the given time and data constraints. Further analysis with an artificial dataset shows that the proposed algorithm performs especially well when either (i) the demand trend slope is large, or (ii) the seasonal cycle's variance is large. These two features fit the fast fashion demand pattern very well because the trend factor is significant and the seasonal cycle is usually highly variable in fast fashion. The results from this paper lay the foundation which can help to achieve real time sales forecasting for fast fashion operations in the future. Some managerial implications are also discussed.