Araştırma Makalesi

Analyzing & Predicting Black Friday Sales of a Retailer

Cilt: 15 Sayı: 3 31 Ağustos 2024
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Analyzing & Predicting Black Friday Sales of a Retailer

Öz

In this project, a retail store's Black Friday sales from prior years were examined, and sales projections for the next years were made using this information. A few demographic details and consumer basket amounts are among the data examined for this research. Correlations were found using the data that was examined for the study. Stores can identify their Black Friday sales strategy and use this knowledge to increase sales by evaluating the relationships between demographic data about their clients and their shopping behaviors. The artificial intelligence-supported forecasting model created as part of the research was trained using the same data, and sales projections for the upcoming years were computed. The consistency rate of the system was evaluated by comparing the sales data of the same retail store to the system that was trained using past sales data.

Anahtar Kelimeler

Kaynakça

  1. BlackFriday.com. (2020). Black Friday history and statistics. https://blackfriday.com/news/black-friday-history
  2. Eberhard, E. (2018, December). Dashing to the stores: Last-minute holiday trends to watch. Think with Google. https://www.thinkwithgoogle.com/consumer-insights/consumer-trends/last-minute-holiday-shopping-trends/
  3. Hand, R. (2024, February 24). What is demand forecasting? Importance and benefits of forecasting customer demand. ShipBob. https://www.shipbob.com/blog/demand-forecasting/
  4. Kaplan, M. (2018, November 28). Sales report: 2018 Thanksgiving, Black Friday, Cyber Monday. Practical Ecommerce. https://www.practicalecommerce.com/sales-report-2018-thanksgiving-black-friday-cyber-monday
  5. Kayapınar Kaya, S., & Yıldırım, Ö. (2020). Prediction model for automobile sales in Turkey using deep neural networks. Journal of Industrial Engineering, 57-74.
  6. LeCun, Y., Bengio, Y., & Hinton, G. (2015). Deep learning. Nature, 436–444.
  7. Liu, J., Liu, C., Xu, Y., & Zhang, L. (2020). Research on sales information prediction system of e‐commerce enterprises based on time series model. Information Systems and e-Business Management, 823–836.
  8. Murray, P. N. (2014, June 11). Why we really shop. Psychology Today. https://www.psychologytoday.com/us/blog/inside-the-consumer-mind/201406/why-we-really-shop

Ayrıntılar

Birincil Dil

İngilizce

Konular

E-Ticaret

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Ağustos 2024

Gönderilme Tarihi

1 Temmuz 2024

Kabul Tarihi

3 Ağustos 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 15 Sayı: 3

Kaynak Göster

APA
Demirağ, A., & Öncevarlık Yıldız, F. D. (2024). Analyzing & Predicting Black Friday Sales of a Retailer. AJIT-e: Academic Journal of Information Technology, 15(3), 195-214. https://doi.org/10.5824/ajite.2024.03.001.x
AMA
1.Demirağ A, Öncevarlık Yıldız FD. Analyzing & Predicting Black Friday Sales of a Retailer. AJIT-e. 2024;15(3):195-214. doi:10.5824/ajite.2024.03.001.x
Chicago
Demirağ, Aşkın, ve Fatma Dilan Öncevarlık Yıldız. 2024. “Analyzing & Predicting Black Friday Sales of a Retailer”. AJIT-e: Academic Journal of Information Technology 15 (3): 195-214. https://doi.org/10.5824/ajite.2024.03.001.x.
EndNote
Demirağ A, Öncevarlık Yıldız FD (01 Ağustos 2024) Analyzing & Predicting Black Friday Sales of a Retailer. AJIT-e: Academic Journal of Information Technology 15 3 195–214.
IEEE
[1]A. Demirağ ve F. D. Öncevarlık Yıldız, “Analyzing & Predicting Black Friday Sales of a Retailer”, AJIT-e, c. 15, sy 3, ss. 195–214, Ağu. 2024, doi: 10.5824/ajite.2024.03.001.x.
ISNAD
Demirağ, Aşkın - Öncevarlık Yıldız, Fatma Dilan. “Analyzing & Predicting Black Friday Sales of a Retailer”. AJIT-e: Academic Journal of Information Technology 15/3 (01 Ağustos 2024): 195-214. https://doi.org/10.5824/ajite.2024.03.001.x.
JAMA
1.Demirağ A, Öncevarlık Yıldız FD. Analyzing & Predicting Black Friday Sales of a Retailer. AJIT-e. 2024;15:195–214.
MLA
Demirağ, Aşkın, ve Fatma Dilan Öncevarlık Yıldız. “Analyzing & Predicting Black Friday Sales of a Retailer”. AJIT-e: Academic Journal of Information Technology, c. 15, sy 3, Ağustos 2024, ss. 195-14, doi:10.5824/ajite.2024.03.001.x.
Vancouver
1.Aşkın Demirağ, Fatma Dilan Öncevarlık Yıldız. Analyzing & Predicting Black Friday Sales of a Retailer. AJIT-e. 01 Ağustos 2024;15(3):195-214. doi:10.5824/ajite.2024.03.001.x