Fossil (fossil.com) is a leading global fashion designer and manufacturer, famous for its watches, handbags, and other accessories. As a retailer of a wide variety of products, both overproduction and underproduction can pose problems for the business. Therefore predicting demand as accurately as possible is critical to Fossil. Because of the normal production lead time, Fossil needs accurate forecasts months in advance.
The objective of this challenge is to build a forecasting or other predictive model to determine as accurately as possible the demand for each individual product, four months into the future. This model will enable Fossil to plan production more efficiently and better serve its customers.
The evaluation metric for this challenge is Mean Absolute Error.
Your submission file should look like: Item_ID Target YOSHTLYNYOSHZZ_11_2021 182340 YOSHTLYNYOSHZZ_12_2021 587540 YOSHTLYNYOSHZZ_1_2022 273510
Once the challenge has closed the top 5 winners based on their private leaderboard score will be required to submit a 10-minute video explaining their solutions.
In addition to evaluation on the Zindi leaderboard, the top 5 models submitted will be evaluated by Fossil against new data. This evaluation will focus on model performance four months in the future, and will take both technical performance and implementation into account:
Technical: The ultimate goal would be to have lower errors in order to have high accuracy. We will review how the forecast models perform across the following measures:
The final evaluation metric is MAE. However, the other metrics will be used to assess the order of weakness of the forecast model.
Implementation: We will review the ability of the forecast models to be repeatable, reproducible, and interpretable.
1st Place: $2,250 USD
2nd Place: $1,350 USD
3rd Place: $900 USD
4th Place: $250
5th Place: $250
The top 5 winners will have the opportunity to present their solutions to the host.
The host will award the prizes based on their ranking of the top 5. The positions on the leaderboard will stay the same.
Fossil’s priorities are if it can be implemented in Python, or R, or Google Cloud and if ithe model is interpretable? Can Fossil determine the drivers, or important variable of the model predictions.
Competition closes on 28 August 2022.
Final submissions must be received by 11:59 PM GMT.
We reserve the right to update the contest timeline if necessary.
Teams and collaboration
You may participate in competitions as an individual or in a team of up to four people. When creating a team, the team must have a total submission count less than or equal to the maximum allowable submissions as of the formation date. A team will be allowed the maximum number of submissions for the competition, minus the total number of submissions among team members at team formation. Prizes are transferred only to the individual players or to the team leader.
Multiple accounts per user are not permitted, and neither is collaboration or membership across multiple teams. Individuals and their submissions originating from multiple accounts will be immediately disqualified from the platform.
Code must not be shared privately outside of a team. Any code that is shared, must be made available to all competition participants through the platform. (i.e. on the discussion boards).
The Zindi data scientist who sets up a team is the default Team Leader but they can transfer leadership to another data scientist on the team. The Team Leader can invite other data scientists to their team. Invited data scientists can accept or reject invitations. Until a second data scientist accepts an invitation to join a team, the data scientist who initiated a team remains an individual on the leaderboard. No additional members may be added to teams within the final 5 days of the competition or last hour of a hackathon.
The team leader can initiate a merge with another team. Only the team leader of the second team can accept the invite. The default team leader is the leader from the team who initiated the invite. Teams can only merge if the total number of members is less than or equal to the maximum team size of the competition.
A team can be disbanded if it has not yet made a submission. Once a submission is made individual members cannot leave the team.
All members in the team receive points associated with their ranking in the competition and there is no split or division of the points between team members.
Datasets and packages
The solution must use publicly-available, open-source packages only.
You may use only the datasets provided for this competition. Automated machine learning tools such as automl are not permitted.
You may use pretrained models as long as they are openly available to everyone.
The data used in this competition is the sole property of Zindi and the competition host. You may not transmit, duplicate, publish, redistribute or otherwise provide or make available any competition data to any party not participating in the Competition (this includes uploading the data to any public site such as Kaggle or GitHub). You may upload, store and work with the data on any cloud platform such as Google Colab, AWS or similar, as long as 1) the data remains private and 2) doing so does not contravene Zindi’s rules of use.
You must notify Zindi immediately upon learning of any unauthorised transmission of or unauthorised access to the competition data, and work with Zindi to rectify any unauthorised transmission or access.
Your solution must not infringe the rights of any third party and you must be legally entitled to assign ownership of all rights of copyright in and to the winning solution code to Zindi.
Submissions and winning
You may make a maximum of 10 submissions per day.
You may make a maximum of 300 submissions for this competition.
Before the end of the competition you need to choose 2 submissions to be judged on for the private leaderboard. If you do not make a selection your 2 best public leaderboard submissions will be used to score on the private leaderboard.
During the competition, your best public score will be displayed regardless of the submissions you have selected. When the competition closes your best private score out of the 2 selected submissions will be displayed.
Zindi maintains a public leaderboard and a private leaderboard for each competition. The Public Leaderboard includes approximately 30% of the test dataset. While the competition is open, the Public Leaderboard will rank the submitted solutions by the accuracy score they achieve. Upon close of the competition, the Private Leaderboard, which covers the other 70% of the test dataset, will be made public and will constitute the final ranking for the competition.
Note that to count, your submission must first pass processing. If your submission fails during the processing step, it will not be counted and not receive a score; nor will it count against your daily submission limit. If you encounter problems with your submission file, your best course of action is to ask for advice on the Competition’s discussion forum.
If you are in the top 20 at the time the leaderboard closes, we will email you to request your code. On receipt of email, you will have 48 hours to respond and submit your code following the submission guidelines detailed below. Failure to respond will result in disqualification.
If your solution places 1st, 2nd, or 3rd on the final leaderboard, you will be required to submit your winning solution code to us for verification, and you thereby agree to assign all worldwide rights of copyright in and to such winning solution to Zindi.
If two solutions earn identical scores on the leaderboard, the tiebreaker will be the date and time in which the submission was made (the earlier solution will win).
If the error metric requires probabilities to be submitted, do not set thresholds (or round your probabilities) to improve your place on the leaderboard. In order to ensure that the client receives the best solution Zindi will need the raw probabilities. This will allow the clients to set thresholds to their own needs.
The winners will be paid via bank transfer, PayPal, or other international money transfer platform. International transfer fees will be deducted from the total prize amount, unless the prize money is under $500, in which case the international transfer fees will be covered by Zindi. In all cases, the winners are responsible for any other fees applied by their own bank or other institution for receiving the prize money. All taxes imposed on prizes are the sole responsibility of the winners. The top 3 winners or team leaders will be required to present Zindi with proof of identification, proof of residence and a letter from your bank confirming your banking details.Winners will be paid in USD or the currency of the competition. If your account cannot receive US Dollars or the currency of the competition then your bank will need to provide proof of this and Zindi will try to accommodate this.
Payment will be made after code review and an introductory call with the host.
You acknowledge and agree that Zindi may, without any obligation to do so, remove or disqualify an individual, team, or account if Zindi believes that such individual, team, or account is in violation of these rules. Entry into this competition constitutes your acceptance of these official competition rules.
Zindi is committed to providing solutions of value to our clients and partners. To this end, we reserve the right to disqualify your submission on the grounds of usability or value. This includes but is not limited to the use of data leaks or any other practices that we deem to compromise the inherent value of your solution.
Zindi also reserves the right to disqualify you and/or your submissions from any competition if we believe that you violated the rules or violated the spirit of the competition or the platform in any other way. The disqualifications are irrespective of your position on the leaderboard and completely at the discretion of Zindi.
Reproducibility of submitted code
Consequences of breaking any rules of the competition or submission guidelines:
Monitoring of submissions