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Forecast Analysis for Sales in Large-Scale Retail Trade

Nanni, Mirco
•
Spinsanti, Laura  
2010
Data Mining in Public and Private Sectors: Organizational and Government Applications

In large-scale retail trade, a very significant problem consists in analyzing the response of clients to product promotions. The aim of the project described in this work is the extraction of forecasting models able to estimate the volume of sales involving a product under promotion, together with a prediction of the risk of out of stock events, in which case the sales forecast should be considered potentially underes-timated. Our approach consists in developing a multi-class classifier with ordinal classes (lower classes represent smaller numbers of items sold) as opposed to more traditional approaches that translate the problem to a binary-class classification. In order to do that, a proper discretization of sales values is studied, and ad hoc quality measures are provided in order to evaluate the accuracy of forecast models taking into consideration the order of classes. Finally, an overall system for end users is sketched, where the forecasting functionalities are organized in an integrated dashboard.

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Type
book part or chapter
DOI
10.4018/978-1-60566-906-9.ch012
Scopus ID

2-s2.0-105015263421

Author(s)
Nanni, Mirco

ISTI Institute of CNR

Spinsanti, Laura  

École Polytechnique Fédérale de Lausanne

Date Issued

2010

Publisher

IGI Global

Published in
Data Mining in Public and Private Sectors: Organizational and Government Applications
ISBN of the book

9781605669076

9781605669069

Start page

219

End page

244

Editorial or Peer reviewed

REVIEWED

Written at

EPFL

EPFL units
EPFL  
Available on Infoscience
September 19, 2025
Use this identifier to reference this record
https://infoscience.epfl.ch/handle/20.500.14299/254217
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