How to handle data distribution shifts
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Hello, I am using fbprophet to forecast the sales of a store. The structure of the data is hierarchical, and I am predicting at the highest level.
Example:
The store can sell Books, Movies, Toys. Books can be Action, Adventure, same with movies and toys. And then you have the actual product.
I am forecasting the revenue at the Books, Movies, Toys level. I would like to know how to handle a scenario where a new book is added to the store and suddenly it starts to generate a high volume of sales thus, increasing the revenue for that unit.
Any research on this? Is there any common approach?
Thank you!
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