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Market product demand forecasting method based on probability statistics and convolution neural network

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  • Yingji Cui

Abstract

Due to the high proportion of redundant data and high prediction error rate in traditional market product demand prediction methods, this paper proposes a market product demand prediction method based on probabilistic statistics and convolutional neural network. Design the market product demand data acquisition module, collect the market product demand data, and use the improved near record sorting algorithm to clean the collected data. The statistical model of market product demand change probability is constructed to obtain the demand change probability, and the data cleaning result and demand change probability are taken as the input of the convolutional neural network model, so as to obtain the market product demand forecast result. The experimental results show that the maximum redundant data of this method accounts for only 5.9%, the prediction error rate varies between 1% and 3%, and the average prediction time is only 0.22 s. The practical application effect is good.

Suggested Citation

  • Yingji Cui, 2021. "Market product demand forecasting method based on probability statistics and convolution neural network," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 25(2), pages 187-199.
    • Handle: RePEc:ids:ijpdev:v:25:y:2021:i:2:p:187-199
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