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

ISSN: 2349-5162 | ESTD Year : 2014
Volume 13 | Issue 3 | March 2026

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Published in:

Volume 11 Issue 11
November-2024
eISSN: 2349-5162

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

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Published Paper ID:
JETIRGO06058


Registration ID:
550386

Page Number

541-547

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Title

Sales Forecasting Using Predictive Analytics and Machine Learning

Abstract

Sales forecasting plays a critical role in various business applications such as retail industry. The enormous growth of digital data has fastened the technological advancements. Sales forecasting using machine learning is a technique where models are trained with historical data to make future predictions. we have various sales forecasting techniques using predictive analytics and machine learning algorithms. Among the various methodologies , in this paper we chose to use Random Forest Regressor for predicting future sales. Random Forest Regressor was chosen for this analysis because. Results show that this algorithm can accurately predict sales with high accuracy . Because Random Forest performs better than other models and is versatile enough to handle huge datasets, it was chosen for this investigation. Our study's findings demonstrate that the Random Forest Regressor has a high degree of accuracy when predicting future sales. This capability enables organizations to make more informed decisions, manage inventory levels, and improve overall operational efficiency by giving them access to accurate forecasts.

Key Words

Sales Forecasting, Predictive Analytics, Machine Learning, Retail -industry ,Random Forest algorithm, Future sales, Ensemble learning

Cite This Article

"Sales Forecasting Using Predictive Analytics and Machine Learning", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 11, page no.541-547, November-2024, Available :http://www.jetir.org/papers/JETIRGO06058.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

"Sales Forecasting Using Predictive Analytics and Machine Learning", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 11, page no. pp541-547, November-2024, Available at : http://www.jetir.org/papers/JETIRGO06058.pdf

Publication Details

Published Paper ID: JETIRGO06058
Registration ID: 550386
Published In: Volume 11 | Issue 11 | Year November-2024
DOI (Digital Object Identifier):
Page No: 541-547
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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