BMSP-ML: big mart sales prediction using different machine learning techniques
Variations in sales over time is the main issue faced by many retailers. To overcome this problem, we attempt to predict the sales by comparing the previous sales data of different stores. Firstly, the primary task is to recognize the pattern of the factors that help to predict sales. This study hel...
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| Main Authors: | , , , , , |
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| Format: | Article |
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Institute of Advanced Engineering and Science
2023
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| Online Access: | http://scholars.utp.edu.my/id/eprint/34112/ https://www.scopus.com/inward/record.uri?eid=2-s2.0-85143750528&doi=10.11591%2fijai.v12.i2.pp874-883&partnerID=40&md5=6c839b1c1110327be17bfc748373a7f6 |
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| Institution: | Universiti Teknologi Petronas |
| Summary: | Variations in sales over time is the main issue faced by many retailers. To overcome this problem, we attempt to predict the sales by comparing the previous sales data of different stores. Firstly, the primary task is to recognize the pattern of the factors that help to predict sales. This study helps us understand the data and predict sales using many machines learning models. This process gets the data and beautifies the data by imputing the missing values and feature engineering. While solving this problem, predicting the monthly sales value is significant in the study. In addition, an essential element is to clear the missing data and perform proper feature engineering to better understand them before applying them. The experimental results show that the random forest predictor has outperformed ridge regression, linear regression, and decision tree models among the four machine learning techniques implemented in this study. The performance of the proposed models has been evaluated using root mean square error (RMSE). © 2023, Institute of Advanced Engineering and Science. All rights reserved. |
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