Especially in the field of trade and e-commerce Sales prediction is a general business use case for machine learning. As per today’s trend machine learning is perceiving an immense growth in the area of sales prediction our resource team are always equipped with the sufficient knowledge and the ethics of machine leaning. We achieve your academic goals by offering an extensive support by crafting original research proposal work. As we are professionals in this field for more than 18+ years we enhance the quality of our work and confidentiality throughout our process. In our work inventory management, optimizing marketing approaches and enhancing customer experience will aids to forecast the sales.
Here we had given step-by-step guidance to constructing a sales prediction project utilizing machine learning:
- Objective Definition
State the aim, for example: “On the basis of previous data we forecast the future sales for the next month for every product in our inventory”.
- Data Collection
- Internal Data: In our work we collect previous sales data that involves product details, quantities sold, prices, date of sale, promotions and any other appropriate data.
- External Data: Holidays, economic indicators, or even weather data are the factors that we included and have the impact on sales.
- Data Preprocessing
- Data Cleaning: We clean the data by managing missing values, outliers or other anomalies in the dataset.
- Date Time Features: In our work, we remove the structures like day of the week, month, year, and whether the date resembles to holiday or promotion.
- Categorical Data: By utilizing the one-hot encoding or label encoding we will change categorical Variables into numerical format.
- Normalization/ Standardization: Our work standardizes or normalizes the numerical characteristics.
- Exploratory Data Analysis (EDA)
- Trends Over Time: Our work periodically visualizes the sales patterns.
- Correlation Analysis: The features that have an important connection with sales are detected by us.
- Seasonality: We look for any various seasonality trends on sales.
- Feature Engineering
- Lagged features: In our work the sales of the earlier days or months will important to predictors, for the time series data.
- Rolling Metrics: Rolling averages or rolling sums were utilized as their characters.
- Domain-specific Features: Our work involves characters particularly to the business or industry, like product types, brand power or customer reviews.
- Model Selection and Development
- Time Series Models: Our work utilizes some of the time series models like ARIMA, Prophet by Facebook and LSTM for forecasting time series data.
- Regression Models: We utilize regression methods like Linear Regression, Decision Trees, Random Forests, Gradient Boosting Machines for predicting number patterns like sales.
- Deep Learning: When we have the big amount of data or dealing with more complicated patterns, we utilize RNNs or LSTMs methods.
- 7. Training the Model
- We divide the data into training and validation/ test set.
- For Time Series: Before the validation/test set, we make sure that our training set is in sequential order.
- Our work utilizes the training data to train the model.
- Model evaluation
- Mean Absolute Error (MAE), Mean Squared Error (MSR), or score are the metrics that were utilized relevant for our regression tasks.
- Particularly for linear methods, we make sure that the residuals are randomly and normally distributed.
- Optimization & Hyperparameter Tuning
- Our work adjusts model parameters for best efficiency.
- We utilize the methods like Grid search or Random search for optimization and hyperparameter tuning.
- Deployment
- We implement the model as a part of the industrial platform to offer sales prediction after the model is fine-tuned.
- We ensure by presenting an interactive dashboard for stakeholders to visualize and work together with the predictions.
- Feedback Loop & Continuous Learning
- We retrain the model with the accessible new sales data.
- We get feedback from stakeholders and to adjust the model or characters accordingly.
- Conclusions & Future Enhancements
- At last we summarize the achievements, limitations and the knowledge we gained during our project.
- We examine advanced methods like ensemble methods or work together with other data sources to get accurate predictions.
Note:
- Promotions & External Events: Ensure to account for sales spikes because of advancements or external incidents.
- Stock & Inventory: To make sure that sales are not restricted by stockouts. If they are, this issue must be acknowledge in our framework.
We consider the patterns and drivers behind sales, business that make well-versed decisions, optimize operations, and enhance possibility. In our work Machine learning provides powerful tools to attain this, but it is critical to support the project closely with business goals and field knowledge.
On time delivery and work confidentiality is our main principle. Get your survey paper upon your request that will be done to the finest according to the rues and standards. Trust us we also deliver tailored research work with a good source of proposal writing service where brief discussion will be given.
Sales Prediction using Machine Learning Dissertation Topics
Dissertation Ideas and Topics that we have done are shared below, get inspired by our work contact us if you are in need of customized paper writing work. We combine many techniques and algorithms to get the proper output, our machine learning professionals plays a vital role in this.
- Sales Prediction for Food Products Using Machine Learning
Keywords:
Machine learning algorithms, Machine learning, Prediction algorithms, Naive Bayes methods, Food products, Informatics
The machine learning method can be used in our paper predict the parametric evaluation and conclusion matrix. Our paper identifies the complete sales with high accuracy and other extra classifications of features are also predicted and we can also predict the location wise sales, super market sales and other category of sales. The methods we have to use for prediction are KNN, Naive Bayes and some of them were utilized for prediction.
- Comparative Study of Various Machine Learning Algorithms for Pharmaceutical Drug Sales Prediction
Keywords:
Drug sales forcasting, random forest, support vector machine, XGBoost
Our paper uses ML methods for predicting future sales such as Logistic regression, Random Forest, Support Vector Machine and XGBoost and associates this with various methods on some mostly utilized drugs. The dataset we utilized were consisted of drug sales from different drugs namely antipyretics, antihistamines, etc. After the data has been preprocessed the four ML methods were utilized to predict the sales. XGBoost will predict the better result.
- Predicting Sales Using Performance Comparison of Different Algorithms in Regression Algorithms
Keywords:
Regression, sales, supervised learning
Regression model can be used to predict the future sales and it also utilized to construct a mathematical tool. Common regression methods are linear regression, polynomial regression, ride regression, Lasso regression, ElasticNet regression, SVM regression and Decision Tree regression. Cross validation method can be utilized to confirm the generalization ability of the model. Adaboost regressor, Bayesian bidge and Ridge regression have given the best performance. Our paper uses Adaboost at last to verify the data.
- Online Sales Prediction in E-Commerce Market Using Machine Learning
Keywords:
Deep Learning, Sales prediction, LSTM, IARIMA, Neural Networks
Our paper utilizes the use of historical data in online trade market to construct the framework anticipate sales. As stated by the quality of various data three sorts of techniques were used namely Incentive-Auto-Regressive-Integrated-Moving-Average (I-ARIMA), LSTM and ANN. These 3 methods can handle accuracy requirements and different data types. Our LSTM method gives the general implementation over others.
- Sales Prediction Using ARIMA, Facebook’s Prophet and XGBoost Model of Machine Learning
Keywords:
Sales forecasting, ARIMA, Prophet, Retail prediction
To predict the analytics of sales our paper uses ML methods. The dataset we used are Rossmann chain of drug stores and the feature engineering helps the significance of different features and by clan the data by managing outliers and missing data. We selected the ARIMA Model, Facebook’s Prophet Model and XGBoost Mode to compare the model. Our ARIMA model gives the best performance when compared to others.
- Predicting the Impact of Advertisement on Sales Using Machine Learning
Keywords:
Linear Regression, Advertisement, Television, Radio, Prediction
Our study concentrates to identify the correlation between sales and advertisement and our paper helps to find which advertisement is appropriate to improve sales. The use ML methods are the significant portion for designing business and also we have to concern the purchase pattern of customers. Linear regression can be used to predict the most accurate to produce more sales.
- A Comparative Study of Regression algorithms on House Sales Price Prediction
Keywords:
House Sales Price Prediction, Gradient Boosting, Extra-Trees
The machine learning methods can be used to predict the house price and our study offers a performance of different regression methods like Linear Regression, Random Forest, Gradient Boosting and Extra-Trees for house sales price prediction. We find the most optimal method to accurately predict the household prices. The most important features can be done by utilizing the feature extraction method. Extra-Trees method can performs best when compared to other regression methods.
- Black Friday Sales Prediction using Supervised Machine Learning
Keywords:
Classification, Black Friday.
Machine Learning method can be utilized to judge and predict the result exactly. Predictive methods are utilized to control the most possible result based on the data present. Our work aids to improve and design the predictor model that will give support to sales organization at the time of black Friday. The improved method to implement earlier will test with various classification techniques. Random-forest regression based method can be utilized to predict black Friday sales.
- Predicting the Sale Price of Pre-Owned Vehicles with the Ensemble ML Model
Keywords:
GBT Regression, Random Forest Regression
Machine Learning methods can predict the automobile prices based on several features. Many individual qualities can be used to predict accurate result. Our method uses a dataset that contain several features that can affect car prices. Our study uses Linear Regression, GBT Regression and Random Forest Regression to evaluate second-hand car prices. The performance of the method can compared to the best fit dataset.
- Mega Mart Sales Prediction Using Machine Learning Techniques
Keywords:
Data visualization, Forecasting
We have to predict the future sales on mega mart by utilizing various machine learning methods. Our paper uses the methods like Linear Regression, Decision Tree, Random Forest, Ridge Regression and XGBoost method to predict the opening sale. XGBoost outperforms the better prediction rate. We predict the sales on Mega mart can detect the different patterns that can be convert to ensure success in business.
Milestones
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Writing Research Proposal
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