Title :
A Hybrid Sales Forecasting Method Based on Stable Seasonal Pattern Models and BPNN
Author :
Jiwei, Xiao ; Yaohua, Wu ; Qian, Wang ; Li, Liao ; Hongchun, Hu
Author_Institution :
Shandong Univ., Jinan
Abstract :
Since many operations of corporation are depend on sales forecasting. It´s very important for corporations predict their sales data accurately and reliably. Most of retail businesses are seasonally, therefore, lots of them are using seasonal sales forecasting methods to forecast their sales data and get better results. This paper proposes a hybrid sales forecasting method which combines stable seasonal pattern model and back propagation neural network (BPNN) to forecast retail sales. Practical forecast result in commodity shows it´s more accurate than typical seasonal forecasting methods.
Keywords :
backpropagation; forecasting theory; marketing; neural nets; backpropagation neural networks; hybrid sales forecasting method; seasonal pattern models; Artificial neural networks; Automation; Biological neural networks; Demand forecasting; Economic forecasting; Logistics; Marketing and sales; Neural networks; Predictive models; Production; BPNN; Sales forecasting; Stable seasonal pattern models;
Conference_Titel :
Automation and Logistics, 2007 IEEE International Conference on
Conference_Location :
Jinan
Print_ISBN :
978-1-4244-1531-1
DOI :
10.1109/ICAL.2007.4339070