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Intelligent Design Suggestion and Sales Forecasting for New Products in the Apparel Industry.

Authors :
Yu-Chung Tsao
Yu-Hsuan Liu
Thuy-Linh Vu
I-Wen Fang
Source :
Fibres & Textiles in Eastern Europe; Dec2023, Vol. 31 Issue 6, p30-38, 9p
Publication Year :
2023

Abstract

This study demonstrates how algorithms can assist humans in decision-making in the apparel industry. A two-stage method including suggestions and intelligent forecasting was proposed. In the first stage, a web crawler was used to browse a B2C apparel website to identify popular products. In the second stage, machine learning methods were used to predict the sales demand for new products. Additionally, we used Google Trends to collect external information indices to adjust the demand forecasting. Our numerical study shows that the intelligent forecasting approach can effectively reduce the Mean Square Error (MSE), Root Mean Square Error (RMSE), and Mean Absolute Percentage Error (MAPE) by at least 45.79, 26.35, and 26.34 %, respectively. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
12303666
Volume :
31
Issue :
6
Database :
Supplemental Index
Journal :
Fibres & Textiles in Eastern Europe
Publication Type :
Academic Journal
Accession number :
175003205
Full Text :
https://doi.org/10.2478/ftee-2023-0052