UGC Approved Journal no 63975(19)
New UGC Peer-Reviewed Rules

ISSN: 2349-5162 | ESTD Year : 2014
Volume 12 | Issue 10 | October 2025

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Published in:

Volume 9 Issue 5
May-2022
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2205335


Registration ID:
402075

Page Number

c257-c261

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Title

RAW MATERIAL DEMAND FORECASTING IN AUTOMOBILE INDUSTRY

Abstract

Raw material procurement planning is crucial for automobile manufacturers to stay competitive in the global market. Forecasting demand for raw materials is very helpful for production planning. We implemented machine learning algorithms to forecast demand for raw material quantities needed in the future using past data. Machine learning algorithms can provide better accuracy than traditional forecasting techniques and can be flexible to changes. In this paper we implemented linear regression, Multiple output linear regression, random forest and k-nearest neighbor using the scikit-learn package to train ML models and evaluated their results using techniques such as RMSE, Rsquare.

Key Words

Machine Learning, Automobile Industry, Raw Materials, Demand Forecasting, Linear Regression

Cite This Article

"RAW MATERIAL DEMAND FORECASTING IN AUTOMOBILE INDUSTRY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 5, page no.c257-c261, May-2022, Available :http://www.jetir.org/papers/JETIR2205335.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"RAW MATERIAL DEMAND FORECASTING IN AUTOMOBILE INDUSTRY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 5, page no. ppc257-c261, May-2022, Available at : http://www.jetir.org/papers/JETIR2205335.pdf

Publication Details

Published Paper ID: JETIR2205335
Registration ID: 402075
Published In: Volume 9 | Issue 5 | Year May-2022
DOI (Digital Object Identifier):
Page No: c257-c261
Country: Nashik, Maharashtra, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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