Study on the Relationship Between Vegetable Pricing and Sales Volume Based on the Data-Driven Approach

The study of the relationship between pricing and sales volume of vegetables is important for optimizing supply chain management and enhancing the profitability of agricultural products, and has become a key issue in responding to market competition and the diversification of consumer demand. The relationship between different categories of vegetables, and between them and sales volume is currently unclear. For this purpose, this study analyzed the vegetable categories using descriptive statistical analysis and linear regression analysis and aggregated them with the help of Spearman's correlation test. This study will explore the relationship between sales volume and cost pricing to make the final pricing of the vegetables.This paper analyse the pricing strategy by looking at the data related to each dish from 1 July to 7 July 2023, this paper fit the relationship between cost plus price and total sales using the least squares method for regression prediction, and create power function regression prediction plots for each category. The prediction charts visualise the predicted sales for the next 7 days and formulate a strategy. Through the fitting effect graph can be can be found in addition to chilli vegetables are quadratic regression, different types of vegetables sales of the annual change curve are parabolic.

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Publication Details

Journal
Highlights in Business Economics and Management
Published
2025-02-27
DOI
https://doi.org/10.54097/m6ggt445
Primary Topic
Wine Industry and Tourism
Type
article
Field-Weighted Citation Impact
0.00
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article

Study on the Relationship Between Vegetable Pricing and Sales Volume Based on the Data-Driven Approach

Yan Du, Zhimin Ao, Guodong Wang, Rui Liu et al.
Highlights in Business Economics and Management
Wine Industry and Tourism
article

Study on the Relationship Between Vegetable Pricing and Sales Volume Based on the Data-Driven Approach

Yan Du, Zhimin Ao, Guodong Wang, Rui Liu, Shoude Li
article en

Abstract

The study of the relationship between pricing and sales volume of vegetables is important for optimizing supply chain management and enhancing the profitability of agricultural products, and has become a key issue in responding to market competition and the diversification of consumer demand. The relationship between different categories of vegetables, and between them and sales volume is currently unclear. For this purpose, this study analyzed the vegetable categories using descriptive statistical analysis and linear regression analysis and aggregated them with the help of Spearman's correlation test. This study will explore the relationship between sales volume and cost pricing to make the final pricing of the vegetables.This paper analyse the pricing strategy by looking at the data related to each dish from 1 July to 7 July 2023, this paper fit the relationship between cost plus price and total sales using the least squares method for regression prediction, and create power function regression prediction plots for each category. The prediction charts visualise the predicted sales for the next 7 days and formulate a strategy. Through the fitting effect graph can be can be found in addition to chilli vegetables are quadratic regression, different types of vegetables sales of the annual change curve are parabolic.

Highlights in Business Economics and ManagementVol. 51
Inner Mongolia University of Science and Technology (CN)
Openalex Percentile: Top 92%
Wine Industry and Tourism
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Study on the Relationship Between Vegetable Pricing and Sales Volume Based on the Data-Driven Approach — Yan Du, Zhimin Ao, et al. · Highlights in Business Economics and Management (2025) | TGRS Research Map | TGRS