• 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