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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM29914
Volume:
8 |
4 |
Apr 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
This research gives a state-of-the-art solution for web-based demand forecasting. Machine learning methods are employed to build the approach, which takes use of Seasonal Autoregressive Integrated Moving Average (SARIMA) modeling. Customers may utilize our system to provide product codes combined with the period’s start and end dates in order to correctly anticipate future demand patterns. Through the combination of previous sales data with current market circumstances, competitive plans, and other external variables, our system is able to discover complicated consumer patterns. This gives data that may be utilized for inventory management, pricing strategies, and production scheduling. All things considered, the holistic plan optimizes resource usage, eliminates waste, and supports consumer satisfaction. A data-driven solution that takes advantage of AI capabilities is being offered as part of this joint endeavor. This solution is positioned to assist numerous sectors, including manufacturing, retail, and healthcare, and it will boost operational efficiency and sustainable development in a global economic framework.
KEYWORDS
Publication Date
12/31/45382
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
Funding Information
No funding information available for this research.
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