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Big Mart Outlets

This document summarizes a sales prediction project for Big Mart outlets. The aim is to build a predictive model to predict sales of each product at particular outlets in order to understand what factors influence sales. The dataset includes variables related to item attributes, sales data, and inventory management. Machine learning algorithms like random forests will be used to accurately predict future sales and update inventory management. The proposed system will preprocess and fill missing values in the 2013 Big Mart dataset before using regression models to predict sales with minimum error.

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Asupalli Sirisha
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939 views11 pages

Big Mart Outlets

This document summarizes a sales prediction project for Big Mart outlets. The aim is to build a predictive model to predict sales of each product at particular outlets in order to understand what factors influence sales. The dataset includes variables related to item attributes, sales data, and inventory management. Machine learning algorithms like random forests will be used to accurately predict future sales and update inventory management. The proposed system will preprocess and fill missing values in the 2013 Big Mart dataset before using regression models to predict sales with minimum error.

Uploaded by

Asupalli Sirisha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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SALES PREDICTION FOR

BIG MART OUTLETS

Under the Guidance of:


Mrs.K.Lavanya
                                                        Submission By:
                                                        U.Chandana Madhuri(17NN1A05H0)
                                                        B.Ome Sai Srija(17NN1A05C6)
                                                        J.Sravani(17NN1A05E2)
                                                        P.Mounica(17NN1A05F9)
ABSTRACT
The aim is to build a predictive model and predict the sales of each product
at a particular outlets. Using this model, Big Mart will try to understand the
properties of products and outlets which play a key role in increasing sales.
The dataset built with various dependent and independent variables is a
composite form of item attribute sales gathered by means of customer, and
also data related to inventory management in a data warehouse.

The data is thereafter refined in order to get accurate predictions and gather
new as well as interesting results that shed a new light on our knowledge
with respect to the tasks data. This can then further be used for forecasting
future sales by means of employing machine learning algorithm such as the
random forests.
INTRODUCTION
 Machine Learning is the subfield of computer science that
"gives computers the ability to learn without being explicitly
programmed".

 Machine Learning allows software applications to become


accurate in predicting outcomes.

 This allows tracking of sales data of each and every individual


items for predicting future demand of customer and update the
inventory management as well.
EXISTING SYSTEM:
 Big Mart is a super market chain, with stores all round the country
and its current board set out a challenge to help in predicting the sales
as per product, for each store.

 The basic and foremost technique used in predicting the sale is


the statistical methods, also known as traditional methods, but
these methods take much more time for predicting a sales and also
these methods cannot handle non-linear data so to overcome this
problem Machine Learning techniques are deployed.
EXISTING SYSTEM:
 Some of disadvantages are:
o Lack of historical data
o Consumer-oriented markets face uncertain demands
o Short life cycles of prediction methods results in
inaccurate forecast
PROPOSED SYSTEM:

For building a model to predict accurate results the dataset of


Big Mart sales undergoes several sequence of steps. In our
model we have used 2013 Big Mart dataset. After preprocessing
and filling the missing values, we use different regression
models. Both MAE and RMSE are used as accuracy metrics for
predicting the sales in Big Mart. From the accuracy metrics it
was found that the model will predict best using minimum MAE
and RMSE.
PROCEDURE FOR PROPOSED
MODEL:

Figure:1
HARDWARE REQUIREMENTS:
 8GB RAM
 CPU (Intel Core i5 processor)
 250GB Hard Disk

SOFTWARE REQUIREMENTS:
Language :  Python
Packages  :  Math.lib, Pandas, Numpy.
Tool          :  Google Collab
Dataset     :  2013 Big Mart Dataset
UML Diagrams:

 Class Diagram:
SEQUENCE DIAGRAM:
THANK YOU !!!

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