Find in Library
Search millions of books, articles, and more
Indexed Open Access Databases
A Sales Forecasting Model for the Consumer Goods with Holiday Effects
oleh: Mu Zhang, Xiao-nan Huang, Chang-bing Yang
Format: | Article |
---|---|
Diterbitkan: | Society for Risk Analysis - China 2020-07-01 |
Deskripsi
In reality, there are so-called holiday effects in the sales of many consumer goods, and their sales data have the characteristics of double trend change of time series. In view of this, by introducing the seasonal decomposition and ARIMA model, this paper proposes a sales forecasting model for the consumer goods with holiday effects. First, a dummy variable model is constructed to test the holiday effects in consumer goods market. Second, using the seasonal decomposition, the seasonal factor is separated from the original series, and the seasonally adjusted series is then obtained. Through the ARIMA model, a trend forecast to the seasonally adjusted series is further carried out. Finally, according to the multiplicative model, refilling the trend forecast value with the seasonal factor, thus, the final sales forecast results of the consumer goods with holiday effects can be obtained. Taking the cigarettes sales in G City, Guizhou, China as an example, the feasibility and effectiveness of this new model is verified by the example analysis results.