Forecasting market shares from models for sales

Bonus-malus Systems in a Deregulated Environment: Forecasting Market Shares Using Diffusion Models

In a deregulated insurance market, insurance carriers have an incentive to be innovative in their pricing decisions by segmenting their portfolios and designing new bonus-malus systems (BMS). This paper examines the evolution of market shares and claim frequencies in a two-company market, when one insurer breaks off the existing stability by introducing a super-discount class in its BMS. Severa...

The Proposed Mathematical Models For Decision- Making And Forecasting On Euro- Yen In Foreign Exchange Market

Sales Forecasting for Retail Chains

This paper presents a use case of data mining for sales forecasting in retail demand and sales prediction. In particular, the Extreme Gradient Boosting algorithm is used to design a prediction model to accurately estimate probable sales for retail outlets of a major European Pharmacy retailing company. The forecast of potential sales is based on a mixture of temporal and economical features inc...

Qualitative Sales Forecasting

During a visit with one manufacturer, we interviewed an analyst who was responsible for generating the sales forecasts used by logistics and production. As we began discussing the sales forecasting process used by his department, he explained that at the beginning of each month, he generated a quantitative forecast for the coming month for each product (SKU) and then examined the forecast to se...

Time Series Sales Forecasting

The ability to accurately forecast data is highly desirable in a wide variety of fields such as sales, stocks, sports performance, and natural phenomena. Presented here is a study of several time series forecasting methods applied to retail sales data, comprising weekly sales figures from various Walmart department stores across the United States over a period of approximately 2 and a half year...