Revionics Scientists to Present on Modeling Retail Holiday Effects at StanCon 2018
AUSTIN, TX – (Aug. 9, 2018) – Proponents of the cutting-edge probabilistic AI language “Stan” convene at StanCon 2018 this August in Helsinki, Finland, to present and discuss new research and applications. Two Revionics scientists, Principal Optimization Scientist Dan Marthaler and Senior Optimization Scientist Alex Braylan, have been invited to introduce their newly developed technique for modeling holiday effects. Revionics is highly regarded in the industry for our 10+ years applying leading-edge data science in pricing, promotion and markdown optimization challenges for retailers worldwide. The data science team is excited to join fellow innovators at StanCon later this year and share our newest AI breakthroughs.
Revionics’ contribution is a formulation of holiday effects that, by harnessing the power of probabilistic programming, solves a problem that until now has restricted the modeling of seasonal retail demand. Before this innovation, models of holiday lift were often either overly constrained by assumptions, or overly sensitive to noise in the data.
The new approach that Revionics scientists will present at StanCon offers a simple yet flexible alternative that is completely self-tuning. The formulation permits fitting a wide variety of seasonal sales data, including some very unusual and challenging sales patterns. Simultaneously, it is constrained enough to ignore random patterns that are unlikely to repeat.
Title: Self-Tuning Holidays
Date/Time: August 30, 2018, 13:00 – 14:00
Speakers: Revionics Principal Optimization Scientist Dan Marthaler and Revionics Senior Optimization Scientist Alex Braylan
About Revionics, Inc.
Revionics is a global SaaS provider of science-based pricing, promotion, space and competitive insight for innovative retailers.
Revionics helps retailers around the world gain a competitive edge by managing and optimizing their pricing, promotions, markdowns, and space. Created by retail experts, Revionics’ cloud-based SaaS solutions deliver amazing year-over-year ROI with an attractive total cost of ownership.
Embracing the retail and science in its core DNA, Revionics delivers machine learning solutions that retailers use to translate shopper insights and competitive response into high-impact results. With Revionics, retailers gain leading-edge capabilities, an invested partner and an evolving solution for today’s dynamic retail landscape.
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