Business Forecasting System using Machine Learning Approach

Forecasting system can help any business to predict its future sale, profit and loss. So it is very useful while launching a new product or manufacturing existing products. In this work, a business forecasting system is designed and implemented to forecast the amount of future sale of products using Machine Learning (ML). ML algorithms build a pattern from input variables then make decision. Use of big data technology in researches also increasing. By combining big data and ML together powerful predictive systems can be designed. So, big data processing technology has been used in this work to prepare data for training purpose of the proposed system. Prediction accuracy of the proposed system varied 99% to 75% for different products and mean absolute percentage error (MAPE) is 7.32%. So the proposed system is very much efficient to predict future sale.