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International Journal of Advanced Research
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PREDICTING THE FUTURE OF SALES: A MACHINE LEARNING ANALYSIS OF ROSSMAN STORE SALES

Authors: Ramkumar, K.; B. Monica Jenefer; Paavarasan Sundararajan;

PREDICTING THE FUTURE OF SALES: A MACHINE LEARNING ANALYSIS OF ROSSMAN STORE SALES

Abstract

Predictive sales analysis based on previous data is crucial for organizations to make educated decisions and remain competitive. Machine learning is a powerful technology that can automate this process, producing more accurate and informed forecasts. Machine learning has revolutionized many sectors, including sales and marketing. Machine learning algorithms can forecast consumer behaviour and sales trends by analyzing data and discovering patterns, hidden patterns, and linkages. The purpose of this research is to propose an understanding of the usage of machine learning algorithms for predicting future sales of Big Mart enterprises based on past year sales. Utilizing machine learning methods like Linear Regression and Gradient Boost, a thorough study of sales forecasting is undertaken. The performance of the Linear Regression and Gradient Boosting methods was evaluated using metrics such as mean absolute error, mean squared error, R2 score, and Accuracy. The studys findings can help businesses make better informed decisions about resource allocation, production planning, and marketing methods. Overall, machine learning is a powerful tool for forecasting sales and can assist organizations in staying ahead of the curve in a fast changing industry.

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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