Enhanced E-Commerce Demand Prediction through Ensemble Models and Optuna-Based Hyperparameter Optimization

The fast growth of e-commerce has made sophisticated prediction models necessary to precisely forecast demand and maximize inventory control developed. In a very competitive industry, effective demand forecasting is absolutely essential for lowering costs, avoiding waste, and raising customer satisfaction. This work presents a complex ensemble-based method combining Random Forest models with hyperparameter optimization enabled by Optuna with LightGBM and XGBoost. This approach guarantees best performance via exact tweaking and makes use of the features of every model. Rigorously evaluated on actual e-commerce data, our suggested model shows a notable lower MAPE than independent models. With a MAPE of 0.0341, the ensemble model specifically outperformed LightGBM (0.0344), XGBoost (0.00336), and Random Forest (0.0358) by roughly 2–5%. This development emphasizes how well combined ensemble learning with hyperparameter optimization increases predicted accuracy. Furthermore, our method provides scalability and adaptability, which qualifies for many e-commerce situations from high-dimensional data settings to perishable items. This study shows that the suggested ensemble model offers a strong, adaptable demand forecasting solution for e-commerce and increases forecast accuracy, therefore opening the path for more effective and data-driven decision-making procedures.

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Publication Details

Published
2024-11-29
DOI
https://doi.org/10.1109/idicaiei61867.2024.10842873
Citations
1
Primary Topic
Customer churn and segmentation
Type
article
Field-Weighted Citation Impact
0.44
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article

Enhanced E-Commerce Demand Prediction through Ensemble Models and Optuna-Based Hyperparameter Optimization

Ramakrishna Garine
1 citations
Customer churn and segmentation
0.44
article

Enhanced E-Commerce Demand Prediction through Ensemble Models and Optuna-Based Hyperparameter Optimization

Ramakrishna Garine
article en
1 citations

Abstract

The fast growth of e-commerce has made sophisticated prediction models necessary to precisely forecast demand and maximize inventory control developed. In a very competitive industry, effective demand forecasting is absolutely essential for lowering costs, avoiding waste, and raising customer satisfaction. This work presents a complex ensemble-based method combining Random Forest models with hyperparameter optimization enabled by Optuna with LightGBM and XGBoost. This approach guarantees best performance via exact tweaking and makes use of the features of every model. Rigorously evaluated on actual e-commerce data, our suggested model shows a notable lower MAPE than independent models. With a MAPE of 0.0341, the ensemble model specifically outperformed LightGBM (0.0344), XGBoost (0.00336), and Random Forest (0.0358) by roughly 2–5%. This development emphasizes how well combined ensemble learning with hyperparameter optimization increases predicted accuracy. Furthermore, our method provides scalability and adaptability, which qualifies for many e-commerce situations from high-dimensional data settings to perishable items. This study shows that the suggested ensemble model offers a strong, adaptable demand forecasting solution for e-commerce and increases forecast accuracy, therefore opening the path for more effective and data-driven decision-making procedures.

University of North Texas (US)
Openalex Percentile: Top 24%
Customer churn and segmentation
0.44
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