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Using Association Rules to predict future sales (income)

 
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Helder Borges
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Joined: 27 Mar 2013
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Location: Portugal

PostPosted: Mon Apr 01, 2013 6:07 am    Post subject: Using Association Rules to predict future sales (income) Reply with quote

Hi.

I have 7 time series, 1 with historical sales and 6 with historical variables.

I want to make prediction of future sales.

I already used Time Series algorithms.

Now, i would like to use an Association Rules algorithm that could let me predict future sales, so i could compare both.

Since AR works like if x then y, i wanted to know if its possible to use AR for this tasks with the idea "if past sales then future sales".

Can someone help me, telling if it is possible, and if yes, giving me some hints?

Best Regards,
Helder Borges
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editor
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Joined: 04 Oct 2005
Posts: 120
Location: Boston, MA

PostPosted: Mon Apr 01, 2013 7:28 pm    Post subject: Association rules for predicting sales Reply with quote

Association Rules algorithms are not very suitable for predicting sales, since sales usually have historic, seasonal, and trend components, and association rules are not good at finding trends in series.
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Helder Borges
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Joined: 27 Mar 2013
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Location: Portugal

PostPosted: Tue Apr 02, 2013 3:22 am    Post subject: Reply with quote

Ok.
Thank you.
One more question.
Would it be possible to predict the future sales values with neural networks or/and SVM?

Best Regards
Helder Borges
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editor
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Location: Boston, MA

PostPosted: Tue Apr 09, 2013 8:06 pm    Post subject: Predicting future sales values Reply with quote

yes, there is huge work on predicting time series values and lots of textbooks and courses. Neural networks and other special methods will work well.
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Helder Borges
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Joined: 27 Mar 2013
Posts: 6
Location: Portugal

PostPosted: Wed Apr 10, 2013 3:17 am    Post subject: Reply with quote

Thank you for the help.

Best Regards.

Helder Borges
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