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Estimating the Performance Indicators of Promotion Efficiency in FMCG Retail

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)

Abstract

Forecasting promotion efficiency is an important issue in the fast-moving consumer goods sector. The objective of this paper is an analysis of the forecasting performance of two key performance indicators (KPI) used for the assessment of the sales process using machine learning methods. The authors present results of the experiments which were performed for 17 different products on real-life data from a large grocery company. In the paper feature extraction and construction methods are discussed also five different prediction algorithms are compared as well as the feature importance analyses are also provided. Out of the compared algorithms random forest leads and the feature importance are strongly related with the KPI.

Original languageEnglish
Title of host publicationNeural Information Processing - 27th International Conference, ICONIP 2020, Proceedings
EditorsHaiqin Yang, Kitsuchart Pasupa, Andrew Chi-Sing Leung, James T. Kwok, Jonathan H. Chan, Irwin King
PublisherSpringer Science and Business Media Deutschland GmbH
Pages320-332
Number of pages13
ISBN (Print)9783030638320
DOIs
Publication statusPublished - 2020
Event27th International Conference on Neural Information Processing, ICONIP 2020 - Virtual, Online, Thailand
Duration: 18 Nov 202022 Nov 2020

Publication series

NameLecture Notes in Computer Science
Volume12533 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference27th International Conference on Neural Information Processing, ICONIP 2020
Country/TerritoryThailand
CityVirtual, Online
Period18/11/2022/11/20

Keywords

  • Applications
  • FMCG
  • Forecasting
  • Promotions

ASJC Scopus subject areas

  • Theoretical Computer Science
  • General Computer Science

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