Usage of time series forecasting model in Supply chain sales prediction

Abstract

Abstract This paper representing a study of supply chain operation data that was used on 100 different store items from 10 stores using 5 years history of sales through open sources contest to compare the performance of time-series forecasting model mainly, decomposition, Auto-Regressive Integrated Moving Average(ARIMA), Prophet, Box-Cox transformation. Here data is collected from 2013 to 2018 were used in real-time transaction at different store, initially model was applied on 2013 to 2017 data and based on the that predicted for 2018 then again cross checked with actual 2018 with proceed predicted data of 2018. To improve the performance and evaluation of the supply chain management system, scrutiny 3 metrices that will help to make decision on the model selection. The accuracy of the Machine learning model in forecasting future sales of supply chain store. Although the result on comparison indicates that there is no single method gives better and superior result. But present study indicates that prophet and ARIMA hybrid model gives better result compare to individual model.