Sales forecasting system based on Gray extreme learning machine with Taguchi method in retail industry

@article{Chen2011SalesFS,
  title={Sales forecasting system based on Gray extreme learning machine with Taguchi method in retail industry},
  author={F. L. Chen and T. Y. Ou},
  journal={Expert Syst. Appl.},
  year={2011},
  volume={38},
  pages={1336-1345}
}
Due to the strong competition that exists today, most retailers are in a continuous effort for increasing profits and reducing their cost. An accurate sales forecasting system is an efficient way to achieve the aforementioned goals and lead to improve the customers' satisfaction, reduce destruction of products, increase sales revenue and make production plan efficiently. In this study, the Gray extreme learning machine (GELM) integrates Gray relation analysis and extreme learning machine with… CONTINUE READING

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