Using clustering to improve sales forecasts in retail merchandising

DOI10.1007/S10479-008-0417-ZMaRDI QIDQ970165zbMATH OpenOpenAlexFDO

Authors Mahesh Kumar, Nitin R. Patel

Publication date 10 May 2010

Published in Annals of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10479-008-0417-z

zbMATH Keywords

clusteringcombining forecastsforecasting

Mathematics Subject Classification ID

Classification and discrimination; cluster analysis (statistical aspects) (62H30) Applications of statistics (62P99) Marketing, advertising (90B60) Consumer behavior, demand theory (91B42)

Recommendations

• Using composite moving averages to forecast sales
• Comparison of the effectiveness of forecasts obtained by means of selected probability functions with respect to forecast error distributions
• Advances in Neural Networks – ISNN 2005
• A comparative study of demand forecasting models for a multi-channel retail company: a novel hybrid machine learning approach
• Combining Forecasts via Simulations

Cites work

• Clustering data with measurement errors
• scientific article; zbMATH DE number 3122730 (Why is no real title available?)
• On Grouping for Maximum Homogeneity
• Review of guidelines for the use of combined forecasts

Cited in

(6)

• Concurrent neural network: a model of competition between times series
• High-dimensional VAR with low-rank transition
• Cluster analysis in retail segmentation for credit scoring
• Frequent pattern mining-based sales forecasting
• Data aggregation and demand prediction
• Probabilistic Sales Forecasting for Small and Medium-Size Business Operations

This page was built for publication: Using clustering to improve sales forecasts in retail merchandising

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q970165)