AlohaMD’s models enabled a health marketplace to uncover how new products would sell. And predict sales with over 80% accuracy.
AlohaMD engaged with a health goods marketplace to build a predictive model to help the marketplace understand how heavily to feature new products introduced into the marketplace. Using a machine learning framework, AlohaMD’s models were able to predict whether a new product would eventually sell with over 80% accuracy and similar results were achieved in predicting actual revenues for the product. The models are being deployed in a production environment.
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