DocumentCode
2237329
Title
The Study of Cluster Predication Method on Sales Forecast Based on Residual Error Modified GM (1, 1)
Author
Sun, Qingwen ; Luan, Xiaohui
Author_Institution
Sch. of Bus. & Adm., Hebei Univ. of Econ. & Bus., Shijiazhuang
Volume
2
fYear
2008
fDate
19-19 Dec. 2008
Firstpage
46
Lastpage
49
Abstract
The amount of sales un-house is important basis for inventory management of commerce enterprises. Through carefully analyzing about previous researching results, we find that tradition forecasting methods, such as time series analysis, regression analysis, Kalman filtering and the predictions of neural networks, have some defects in large information demanding, the numerical instability and insensibility to environment changes. So, based on GM (1,1) model and combining calamity grey prediction at residual hour, this paper establishes a REM-GM (1,1) model and with the aid of cluster prediction method successfully forecasts the amount of sales un-house of commerce enterprises. The empirical studies observe that the model of un-house forecasting, no matter whether one step forecast or multi-step long time forecast, has a more remarkable prediction precision.
Keywords
forecasting theory; inventory management; prediction theory; regression analysis; sales management; time series; GM (1, 1) model; Kalman filtering; cluster predication method; commerce enterprises; inventory management; regression analysis; residual error modified; sales forecast; sales un-house; time series analysis; Business; Demand forecasting; Information analysis; Information filtering; Inventory management; Kalman filters; Marketing and sales; Predictive models; Regression analysis; Time series analysis; 1); GM (1; REM-GM (1; cluster predication; the amount of sales un-house;
fLanguage
English
Publisher
ieee
Conference_Titel
Business and Information Management, 2008. ISBIM '08. International Seminar on
Conference_Location
Wuhan
Print_ISBN
978-0-7695-3560-9
Type
conf
DOI
10.1109/ISBIM.2008.64
Filename
5116418
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