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Pronóstico de Ventas en Empresas Manufactureras Ecuatorianas Aplicando Random Forest

Translated title of the contribution: Sales Forecasting in Ecuadorian Manufacturing Companies Using Random Forest

Research output: Contribution to conferencePaper

Abstract

Artificial intelligence is useful in multiple fields involving decision-making. This research is applied to companies in the Ecuadorian manufacturing sector, aiming to forecast the sales volume a company would achieve based on the cost elements it manages. The study used the financial statements published by the Superintendence of Companies of Ecuador for the year 2022, to which the Random Forest machine learning algorithm was applied. This predictive model bases its forecasts on an ensemble of decision trees built from a random subset of features and training data. As a result of this research, companies have access to a business intelligence tool that enables them to identify the market segment in which they can maximize their revenue.
Translated title of the contributionSales Forecasting in Ecuadorian Manufacturing Companies Using Random Forest
Original languageSpanish (Ecuador)
StatePublished - 11 Apr 2024
EventXI Congreso Internacional de Auditoría, Gestión y Negocios - CIAGEN 2024 - EC
Duration: 9 Apr 202411 Apr 2024
https://ciagen.org/

Conference

ConferenceXI Congreso Internacional de Auditoría, Gestión y Negocios - CIAGEN 2024
Period9/04/2411/04/24
Internet address

CACES Knowledge Areas

  • 214A Financial Management

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