1. A supply chain leader wants you to predict inventory turns for products at one of our regional distribution facilities. Inventory turns measures the rate at which we replace inventory due to sales. It is the ratio of inventory sold to average inventory over a time period. Low inventory turns indicate a weak sales or overstocking while high turns indicate strong sales or insufficient inventory. What questions would you ask the business leader to determine whether or not this is a good use case for a predictive model?
2. Confusion matrix communicating with business leaders