AI engineering glossary · Time series recsys
What is croston's method?
Croston's method: A forecasting method for intermittent demand that separately smooths the size of non-zero demands and the interval between them, then divides size by interval to get an expected demand per period.
Croston's method: an example
Average size 4 units and average gap 8 days give a forecast of 0.5 units per day.
Related terms
More Time series recsys terms
Where you learn it
Croston's method is part of the AI Engineering Program, which teaches it with notes, a hands-on lab and an exam. The first lesson is free.