Big Mart Sales Prediction using Random Forest

Project Code :TCMAPY995

Objective

The Machine Learning objective of Big Mart Sales Prediction using the Random Forest algorithm is to accurately forecast sales across various Big Mart outlets. By analyzing features like location, store size, and product Machine Learning, the model helps in optimizing inventory and pricing strategies, thereby Machine Learning in efficient decision-making for increased profitability and better customer satisfaction.

Abstract

Analytical System requires integration of decision analysis and predictions. Most of the business organizations heavily depend on a knowledge base and demand prediction of sales trends. The accuracy in sales forecast provides a big impact in business. Data mining techniques are very effective tools in extracting hidden knowledge from an enormous dataset to enhance accuracy and efficiency of forecasting. The detailed study and analysis of comprehensible predictive models to improve future sales predictions are carried out in this research. Traditional forecast systems are difficult to deal with the big data and accuracy of sales forecasting. These issues could be overcome by using various data mining techniques. The various techniques and measures for sales predictions are described in the later part of the research work. On the basis of a performance evaluation, a best suited predictive model is suggested for the sales trend forecast. The results are summarized in terms of reliability and accuracy of efficient techniques taken for prediction and forecasting. The studies found that the best fit model is Support Vector Model Algorithm, which shows better result in sales prediction.

Keywords: Machine Learning Algorithms, Prediction, Sales etc...,

NOTE: Without the concern of our team, please don't submit to the college. This Abstract varies based on student requirements.

Block Diagram

Specifications

H/W SPECIFICATIONS:

Processor : I3/Intel Processor

RAM : 8GB (min)

Hard Disk : 128 GB

Key Board : Standard Windows Keyboard

Mouse : Two or Three Button Mouse

Monitor : Any

S/W SPECIFICATIONS:

Operating System : Windows 7+

Server-side Script : Python 3.6+

IDE : Jupyter or Colab 

Libraries Used  : Pandas, Numpy, Scikit-Learn


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