Store-based Demand Forecasting of a Company via Ensemble Learning


Tekin A. T., Sari C.

4th International Conference on Intelligent and Fuzzy Systems (INFUS), Bornova, Türkiye, 19 - 21 Temmuz 2022, cilt.505, ss.14-23 identifier identifier

  • Yayın Türü: Bildiri / Tam Metin Bildiri
  • Cilt numarası: 505
  • Doi Numarası: 10.1007/978-3-031-09176-6_2
  • Basıldığı Şehir: Bornova
  • Basıldığı Ülke: Türkiye
  • Sayfa Sayıları: ss.14-23
  • Anahtar Kelimeler: Demand forecasting, Machine learning, Ensemble learning, Feature engineering, ARTIFICIAL NEURAL-NETWORKS, REGRESSION
  • İstanbul Teknik Üniversitesi Adresli: Evet

Özet

Demand forecasting is a topic that is frequently used in the literature and is applied in almost every field. For companies, being able to predict future demand provides a strategic advantage. Especially companies with more than one store have to make demand forecasts for their products on a store basis. The reason for this is that the demand for each product can differ based on the store. For this purpose, although there are many examples of traditional approaches in the literature, machine learning methods have been widely used for demand forecasting in recent years. The use of ensemble learning algorithms along with traditional algorithms in machine learning problems has also positively affected demand forecasting success. In this study; Demand forecasting with store-based historical sales data of a company's products was estimated by machine learning method, and the results of ensemble learning algorithms and traditional machine learning algorithms were compared. To improve the results obtained, hyperparameter optimization was applied to the most successful algorithms and increased prediction success.