International Journal Software Engineering and Computer Science (IJSECS)
Vol. 4 No. 2 (2024): AUGUST 2024

Estimating Distributor Demand for Fishing Gear Products Using Linear Regression Algorithm

Keswanto (Unknown)
Hadikristanto, Wahyu (Unknown)
Edora (Unknown)



Article Info

Publish Date
01 Aug 2024

Abstract

Fishing equipment plays a critical role in both recreational and commercial fishing activities across various aquatic environments. The challenge of managing inventory effectively is heightened by the fluctuating demand and the need to avoid overstocking, which can result in increased operational costs. To address this, a linear regression algorithm is utilized to predict demand for fishing products, using relevant independent variables to model the relationship with dependent variables such as monthly sales figures. This predictive model aims to provide actionable insights that can assist businesses in making informed decisions regarding inventory management and distribution strategies. The study employs the RapidMiner Studio application to develop and evaluate the model's performance, with the analysis yielding a Root Mean Square Error (RMSE) of 140.200. This relatively low RMSE value demonstrates the model's accuracy and effectiveness in forecasting demand, suggesting that the algorithm can be a valuable tool for optimizing inventory levels and ensuring product availability while minimizing excess stock.

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Journal Info

Abbrev

ijsecs

Publisher

Subject

Computer Science & IT

Description

IJSECS is committed to bridge the theory and practice of information technology and computer science. From innovative ideas to specific algorithms and full system implementations, IJSECS publishes original, peer-reviewed, and high quality articles in the areas of information technology and computer ...