Fast Food Sales Forecasting with Base model vs Machine Learning model

Fast Food Sales Forecasting with Base model vs Machine Learning model

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Fast food business is the fastest growing business recently in Pakistan and the people need to know the sales forecasting because of the business is totally based on the sales factor sales will tell us how to invest and how to expand the expanse and how to reduce the expanses and the growth of the...

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Main Authors: Jam Munawwar Gul, Muhammad Imran, Muhammad Idrees, Muhammad Imran Asad, Hafiz Naveed Hassan
Format: Article
Language:English
Published: The University of Lahore 2020-10-01
Series:Pakistan Journal of Engineering & Technology
Subjects:
Sales prediction, sales forecasting, ARIMA, MSE
Online Access:https://www.hpej.net/journals/pakjet/article/view/545
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spelling doaj-c274a0abf35e4a098aaa45c944a3951e2021-07-09T07:45:59ZengThe University of LahorePakistan Journal of Engineering & Technology2664-20422664-20502020-10-013210.51846/vol3iss2pp205-208Fast Food Sales Forecasting with Base model vs Machine Learning modelJam Munawwar Gul0Muhammad Imran1Muhammad Idrees2Muhammad Imran Asad3Hafiz Naveed Hassan4Khwaja Freed University of Engineering and Information Technology Rahim Yar Khan, PakistanKhwaja Freed University of Engineering and Information Technology Rahim Yar Khan, Pakistan Faculty of management and computer science The university of agriculture PeshawarKhwaja Freed University of Engineering and Information Technology Rahim Yar Khan, PakistanKhwaja Freed University of Engineering and Information Technology Rahim Yar Khan, Pakistan Fast food business is the fastest growing business recently in Pakistan and the people need to know the sales forecasting because of the business is totally based on the sales factor sales will tell us how to invest and how to expand the expanse and how to reduce the expanses and the growth of the business is measure in term of sales. We get collected the data form the Lahori fast food chain business and use the base model and find the error MSE rate and then we use the machine leaning mode which is ARIMA to find the MSE error rate and compare their results and finally we found that the base model having the error lower than ARIMA. https://www.hpej.net/journals/pakjet/article/view/545Sales prediction, sales forecasting, ARIMA, MSE
collection DOAJ
language English
format Article
sources DOAJ
author Jam Munawwar Gul
Muhammad Imran
Muhammad Idrees
Muhammad Imran Asad
Hafiz Naveed Hassan
spellingShingle Jam Munawwar Gul
Muhammad Imran
Muhammad Idrees
Muhammad Imran Asad
Hafiz Naveed Hassan
Fast Food Sales Forecasting with Base model vs Machine Learning model
Pakistan Journal of Engineering & Technology
Sales prediction, sales forecasting, ARIMA, MSE
author_facet Jam Munawwar Gul
Muhammad Imran
Muhammad Idrees
Muhammad Imran Asad
Hafiz Naveed Hassan
author_sort Jam Munawwar Gul
title Fast Food Sales Forecasting with Base model vs Machine Learning model
title_short Fast Food Sales Forecasting with Base model vs Machine Learning model
title_full Fast Food Sales Forecasting with Base model vs Machine Learning model
title_fullStr Fast Food Sales Forecasting with Base model vs Machine Learning model
title_full_unstemmed Fast Food Sales Forecasting with Base model vs Machine Learning model
title_sort fast food sales forecasting with base model vs machine learning model
publisher The University of Lahore
series Pakistan Journal of Engineering & Technology
issn 2664-2042
2664-2050
publishDate 2020-10-01
description Fast food business is the fastest growing business recently in Pakistan and the people need to know the sales forecasting because of the business is totally based on the sales factor sales will tell us how to invest and how to expand the expanse and how to reduce the expanses and the growth of the business is measure in term of sales. We get collected the data form the Lahori fast food chain business and use the base model and find the error MSE rate and then we use the machine leaning mode which is ARIMA to find the MSE error rate and compare their results and finally we found that the base model having the error lower than ARIMA.
topic Sales prediction, sales forecasting, ARIMA, MSE
url https://www.hpej.net/journals/pakjet/article/view/545
work_keys_str_mv AT jammunawwargul fastfoodsalesforecastingwithbasemodelvsmachinelearningmodel
AT muhammadimran fastfoodsalesforecastingwithbasemodelvsmachinelearningmodel
AT muhammadidrees fastfoodsalesforecastingwithbasemodelvsmachinelearningmodel
AT muhammadimranasad fastfoodsalesforecastingwithbasemodelvsmachinelearningmodel
AT hafiznaveedhassan fastfoodsalesforecastingwithbasemodelvsmachinelearningmodel
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