SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSIS
In any production environment, processing is centered on the manufacture of products. It is important to get adequate volumes of orders for those products. However, merely getting orders is not enough for the long-term sustainability of multinationals. They need to know the demand for their products...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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ICT Academy of Tamil Nadu
2014-10-01
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| Series: | ICTACT Journal on Soft Computing |
| Subjects: | |
| Online Access: | http://ictactjournals.in/paper/IJSC_Splissue_Oct2014_Paper_6_869_874.pdf |
| _version_ | 1828157924639244288 |
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| author | Rashmi Ranjan Dhal B.V.A.N.S.S. Prabhakar Rao |
| author_facet | Rashmi Ranjan Dhal B.V.A.N.S.S. Prabhakar Rao |
| author_sort | Rashmi Ranjan Dhal |
| collection | DOAJ |
| description | In any production environment, processing is centered on the manufacture of products. It is important to get adequate volumes of orders for those products. However, merely getting orders is not enough for the long-term sustainability of multinationals. They need to know the demand for their products well in advance in order to compete and win in a highly competitive market. To assess the demand of a product we need to track its order behavior and predict the future response of customers depending on the present dataset as well as historical dataset. In this paper we propose a systematic, time-series based scheme to perform this task using the Hadoop framework and Holt-Winter prediction function in the R environment to show the sales forecast for forthcoming years. |
| first_indexed | 2024-04-11T23:37:30Z |
| format | Article |
| id | doaj.art-02c51906432845b08bd8efa58c7f5770 |
| institution | Directory Open Access Journal |
| issn | 0976-6561 2229-6956 |
| language | English |
| last_indexed | 2024-04-11T23:37:30Z |
| publishDate | 2014-10-01 |
| publisher | ICT Academy of Tamil Nadu |
| record_format | Article |
| series | ICTACT Journal on Soft Computing |
| spelling | doaj.art-02c51906432845b08bd8efa58c7f57702022-12-22T03:56:54ZengICT Academy of Tamil NaduICTACT Journal on Soft Computing0976-65612229-69562014-10-0151869874SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSISRashmi Ranjan Dhal0B.V.A.N.S.S. Prabhakar Rao1School of Computing Science and Engineering, VIT University, Chennai, IndiaSchool of Computing Science and Engineering, VIT University, Chennai, IndiaIn any production environment, processing is centered on the manufacture of products. It is important to get adequate volumes of orders for those products. However, merely getting orders is not enough for the long-term sustainability of multinationals. They need to know the demand for their products well in advance in order to compete and win in a highly competitive market. To assess the demand of a product we need to track its order behavior and predict the future response of customers depending on the present dataset as well as historical dataset. In this paper we propose a systematic, time-series based scheme to perform this task using the Hadoop framework and Holt-Winter prediction function in the R environment to show the sales forecast for forthcoming years.http://ictactjournals.in/paper/IJSC_Splissue_Oct2014_Paper_6_869_874.pdfTime Series AnalysisSales PredictionHadoop Distributed File SystemHolt-Winters FunctionSeasonal and Level Variant |
| spellingShingle | Rashmi Ranjan Dhal B.V.A.N.S.S. Prabhakar Rao SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSIS ICTACT Journal on Soft Computing Time Series Analysis Sales Prediction Hadoop Distributed File System Holt-Winters Function Seasonal and Level Variant |
| title | SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSIS |
| title_full | SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSIS |
| title_fullStr | SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSIS |
| title_full_unstemmed | SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSIS |
| title_short | SHRINKING THE UNCERTAINTY IN ONLINE SALES PREDICTION WITH TIME SERIES ANALYSIS |
| title_sort | shrinking the uncertainty in online sales prediction with time series analysis |
| topic | Time Series Analysis Sales Prediction Hadoop Distributed File System Holt-Winters Function Seasonal and Level Variant |
| url | http://ictactjournals.in/paper/IJSC_Splissue_Oct2014_Paper_6_869_874.pdf |
| work_keys_str_mv | AT rashmiranjandhal shrinkingtheuncertaintyinonlinesalespredictionwithtimeseriesanalysis AT bvanssprabhakarrao shrinkingtheuncertaintyinonlinesalespredictionwithtimeseriesanalysis |