MACHINE LEARNING APPROACHES FOR DEMAND FORECASTING: THE IMPACT OF CUSTOMER SATISFACTION ON PREDICTION ACCURACY

This study investigates the effectiveness of various machine learning models in predicting product demand based on customer satisfaction data. Four models—Linear Regression, Random Forest, Gradient Boosting, and Support Vector Machine (SVM)—were evaluated using performance metrics, including Mean Absolute Error (MAE), Mean Squared Error (MSE), Root Mean Squared Error (RMSE), and R² score. The results indicate that Gradient Boosting achieved the highest accuracy, with an MAE of 2.56, MSE of 12.75, RMSE of 3.57, and R² score of 0.82, effectively capturing the complex, non-linear relationships inherent in customer satisfaction factors. Random Forest also demonstrated strong performance, while Linear Regression and SVM showed limitations in handling intricate datasets. These findings underscore the importance of utilizing advanced machine learning techniques for accurate demand forecasting, highlighting the critical role of customer satisfaction data in enhancing predictive capabilities. The insights gained from this research can guide organizations in optimizing inventory management and improving customer satisfaction in a rapidly evolving market.

Authors

Publication Details

Journal
The American Journal of Engineering And Technology
Published
2024-10-01
DOI
https://doi.org/10.37547/tajet/volume06issue10-06
Citations
16
Primary Topic
Forecasting Techniques and Applications
Type
article
Field-Weighted Citation Impact
7.85
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article

MACHINE LEARNING APPROACHES FOR DEMAND FORECASTING: THE IMPACT OF CUSTOMER SATISFACTION ON PREDICTION ACCURACY

Jonayet Miah, Salma Akter, Md Amit Hasan, Md Nur Hossain et al.
16 citations
The American Journal of Engineering And Technology
Forecasting Techniques and Applications
7.85
article

MACHINE LEARNING APPROACHES FOR DEMAND FORECASTING: THE IMPACT OF CUSTOMER SATISFACTION ON PREDICTION ACCURACY

Jonayet Miah, Salma Akter, Md Amit Hasan, Md Nur Hossain, Md Rasibul Islam, Maniruzzaman Bhuiyan, Md Shahin Alam Mozumder, Md Imdadul Alam, Ashim Chandra Das
article en
16 citations

Abstract

This study investigates the effectiveness of various machine learning models in predicting product demand based on customer satisfaction data. Four models—Linear Regression, Random Forest, Gradient Boosting, and Support Vector Machine (SVM)—were evaluated using performance metrics, including Mean Absolute Error (MAE), Mean Squared Error (MSE), Root Mean Squared Error (RMSE), and R² score. The results indicate that Gradient Boosting achieved the highest accuracy, with an MAE of 2.56, MSE of 12.75, RMSE of 3.57, and R² score of 0.82, effectively capturing the complex, non-linear relationships inherent in customer satisfaction factors. Random Forest also demonstrated strong performance, while Linear Regression and SVM showed limitations in handling intricate datasets. These findings underscore the importance of utilizing advanced machine learning techniques for accurate demand forecasting, highlighting the critical role of customer satisfaction data in enhancing predictive capabilities. The insights gained from this research can guide organizations in optimizing inventory management and improving customer satisfaction in a rapidly evolving market.

The American Journal of Engineering And TechnologyVol. 6(10)
Openalex Percentile: Top 2%
Forecasting Techniques and Applications
7.85
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