“Common Techniques Used in Problem-Solving in AI.” This exercise will involve a scenario where you apply various problem-solving techniques to solve a problem. Ready? Let’s get started!

Scenario

You are a data scientist working for a retail company. Your task is to develop an AI system that can predict customer demand for various products. This will help the company manage inventory more efficiently and reduce stockouts. You will need to use techniques such as regression analysis, classification algorithms, and clustering algorithms.