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 contribution | Sales Forecasting in Ecuadorian Manufacturing Companies Using Random Forest |
|---|---|
| Original language | Spanish (Ecuador) |
| State | Published - 11 Apr 2024 |
| Event | XI Congreso Internacional de Auditoría, Gestión y Negocios - CIAGEN 2024 - EC Duration: 9 Apr 2024 → 11 Apr 2024 https://ciagen.org/ |
Conference
| Conference | XI Congreso Internacional de Auditoría, Gestión y Negocios - CIAGEN 2024 |
|---|---|
| Period | 9/04/24 → 11/04/24 |
| Internet address |
CACES Knowledge Areas
- 214A Financial Management
Projects
- 1 Active
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Artificial Intelligence and Neuroscience in the Analysis of Ecuadorian Business Management
Cuesta Astudillo, F. L. (PI), Villa Parra, A. C. (Col), Buele Nugra, I. G. (Col), Marin Neira, D. M. (Student), Coral Pesantez, L. E. (Col), Paredes Andaluz, C. C. (Student), Muzha Iñaguazo, C. M. (Student), Llivicota Patiño, K. P. (Student), Mocha Guaillas, D. E. (Col), Berrezueta Saraguro, A. T. (Student), Mejia Mejia, F. M. (Col), Luna Celi, E. P. (Student), Saltos Patiño, D. A. (Student), Portilla Inga, D. M. (Student), Lucero Angamarca, J. A. (Student) & Castillo Rodriguez, A. F. (Student)
26/09/24 → …
Project: Research and Development
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