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http://hdl.handle.net/2445/185976
Title: | Accuracy comparison between Sparse Autoregressive and XGBoost models for high-dimensional product sales forecasting |
Author: | Ras Jiménez, Blai |
Director/Tutor: | Vitrià i Marca, Jordi |
Keywords: | Dades massives Aprenentatge automàtic Gestió de vendes Treballs de fi de màster Anàlisi multivariable Big data Machine learning Sales management Master's theses Multivariate analysis |
Issue Date: | 2-Sep-2021 |
Abstract: | [en] Predicting future sales is key for any business budgeting and resource allocation. One major concern when trying to build accurate forecasts are the cross-category relationships between some products and the effect that might have on each other’s sales. Given today’s data abundance, this issue is even more worrying: traditional statistic models can’t handle high-dimensional datasets with ten or more products. With the use of popular machine learning and data science tools, we developed a framework that enables the building, training and evaluation of two models and its comparison through a detailed set of forecast metrics 1 . The first model is a modified Vector Autoregressive model (VAR) which takes into account product relationships. The second one is an XGBoost model, which is not specialized into cross-category associations but it’s known for its versatility and performance when working with tabular data. After performing a one-month ahead sales forecasting on a huge dataset of multiple product sets, we find that inter-product connections play a huge role in prediction accuracy since the VAR model performed considerably much better than the XGBoost. |
Note: | Treballs finals del Màster de Fonaments de Ciència de Dades, Facultat de matemàtiques, Universitat de Barcelona. Curs: 2020-2021. Tutor: Jordi Vitrià i Marca |
URI: | http://hdl.handle.net/2445/185976 |
Appears in Collections: | Màster Oficial - Fonaments de la Ciència de Dades |
Files in This Item:
File | Description | Size | Format | |
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tfm_ras_jimenez_blai.pdf | Memòria | 1.31 MB | Adobe PDF | View/Open |
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