Innovative Sales Forecasting: Utilizing Fuzzy Neural Networks for Enhanced Sales Prediction

This study aims to improve retail sales forecasting using fuzzy neural networks (FNNs). Traditional methods often miss complex sales patterns. We use accuracy and loss metrics to apply FNNs to the Walmart sales dataset, comparing them to conventional time series models and advanced techniques like LightGBM and LSTM. Comprehensive data preprocessing ensures data quality. FNNs handle uncertainties and complex relationships better, outperforming traditional methods. The findings suggest that FNNs enhance forecasting accuracy, supporting informed decision-making in retail.

Authors

Institutions

Publication Details

Journal
Proceedings of the International Conference on Information Systems Development
Published
2024-09-09
DOI
https://doi.org/10.62036/isd.2024.70
Primary Topic
Stock Market Forecasting Methods
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Innovative Sales Forecasting: Utilizing Fuzzy Neural Networks for Enhanced Sales Prediction

Tomasz T. Gorecki, Marcin Bartkowiak, Piotr Cyplik, Adam Karolewski
Proceedings of the International Conference on Information Systems Development
Stock Market Forecasting Methods
article

Innovative Sales Forecasting: Utilizing Fuzzy Neural Networks for Enhanced Sales Prediction

Tomasz T. Gorecki, Marcin Bartkowiak, Piotr Cyplik, Adam Karolewski
article en

Abstract

This study aims to improve retail sales forecasting using fuzzy neural networks (FNNs). Traditional methods often miss complex sales patterns. We use accuracy and loss metrics to apply FNNs to the Walmart sales dataset, comparing them to conventional time series models and advanced techniques like LightGBM and LSTM. Comprehensive data preprocessing ensures data quality. FNNs handle uncertainties and complex relationships better, outperforming traditional methods. The findings suggest that FNNs enhance forecasting accuracy, supporting informed decision-making in retail.

Proceedings of the International Conference on Information Systems Development
Poznań University of Economics and Business (PL), Poznań University of Technology (PL), Adam Mickiewicz University in Poznań (PL)
Openalex Percentile: Top 82%
Stock Market Forecasting Methods
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.