Research Article

A comparison of sales forecasting methods for a feed company: A case study

Volume: 24 Number: 4 August 17, 2018
  • Leyla Demir
  • Selahattin Akkaş
TR EN

A comparison of sales forecasting methods for a feed company: A case study

Abstract

Due to global warming in recent years, using natural resources in an effective way has become more and more important to our world. Decreasing natural resources are pushing agriculture and food chains to adopt more efficient management strategies. The first condition for a successful management is to make plans based on accurate and reliable forecasts. In this study, using real-world data, forecasting models are compared for the products of a feed company which is the first chain of agriculture and food chain systems. The traditional statistical time series methods are compared to two popular and effective computational intelligence techniques, i.e. artificial neural networks and support vector regression. The accuracy of the forecasts is calculated by three different error measures, i.e., the mean absolute error (MAE), the mean absolute percentage error (MAPE), and the mean squared error (MSE). The results show that support vector machines produces significantly better results comparing to both time series methods and artificial neural networks.

Keywords

References

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Details

Primary Language

English

Subjects

Engineering

Journal Section

Research Article

Publication Date

August 17, 2018

Submission Date

November 16, 2017

Acceptance Date

-

Published in Issue

Year 2018 Volume: 24 Number: 4

APA
Demir, L., & Akkaş, S. (2018). A comparison of sales forecasting methods for a feed company: A case study. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi, 24(4), 705-712. https://izlik.org/JA97HG42HC
AMA
1.Demir L, Akkaş S. A comparison of sales forecasting methods for a feed company: A case study. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi. 2018;24(4):705-712. https://izlik.org/JA97HG42HC
Chicago
Demir, Leyla, and Selahattin Akkaş. 2018. “A Comparison of Sales Forecasting Methods for a Feed Company: A Case Study”. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi 24 (4): 705-12. https://izlik.org/JA97HG42HC.
EndNote
Demir L, Akkaş S (August 1, 2018) A comparison of sales forecasting methods for a feed company: A case study. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi 24 4 705–712.
IEEE
[1]L. Demir and S. Akkaş, “A comparison of sales forecasting methods for a feed company: A case study”, Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi, vol. 24, no. 4, pp. 705–712, Aug. 2018, [Online]. Available: https://izlik.org/JA97HG42HC
ISNAD
Demir, Leyla - Akkaş, Selahattin. “A Comparison of Sales Forecasting Methods for a Feed Company: A Case Study”. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi 24/4 (August 1, 2018): 705-712. https://izlik.org/JA97HG42HC.
JAMA
1.Demir L, Akkaş S. A comparison of sales forecasting methods for a feed company: A case study. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi. 2018;24:705–712.
MLA
Demir, Leyla, and Selahattin Akkaş. “A Comparison of Sales Forecasting Methods for a Feed Company: A Case Study”. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi, vol. 24, no. 4, Aug. 2018, pp. 705-12, https://izlik.org/JA97HG42HC.
Vancouver
1.Leyla Demir, Selahattin Akkaş. A comparison of sales forecasting methods for a feed company: A case study. Pamukkale Üniversitesi Mühendislik Bilimleri Dergisi [Internet]. 2018 Aug. 1;24(4):705-12. Available from: https://izlik.org/JA97HG42HC