Chapter 20 Demand Forecasting Methods Using Machine Learning to Predict Future Sales

Sunanda Vincent Jaiwant* and Joseph Varghese Kureethara

CHRIST (Deemed to be University), Eamil: frjoseph@christuniversity.in

1. Introduction: Demand Forecasting

To thrive in the market today, businesses must increase the effectiveness, dependability, and accessibility of their services. Sales estimation and operative demand scheduling definitely impact the end result of the organizations, influencing their procurement process, production, delivery, supply chain, marketing communications, etc.

Demand forecasting refers to the assessment of a possible forthcoming demand for a product or service. ...

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