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Academic Journal of Business & Management, 2024, 6(11); doi: 10.25236/AJBM.2024.061138.

Research on e-commerce sales forecast based on BP neural network

Author(s)

Yiping Wang1, Zhishan Ren2

Corresponding Author:
Yiping Wang
Affiliation(s)

1Internet of Things Engineering, University of South China, Hengyang, 421001, China

2Mathematics and Applied Mathematics, Xi'an University of Science and Technology, Xi'an, 710600, China

Abstract

Over the last few years, the widespread adoption of various 4G and 5G networks, along with residents' acceptance of innovative online shopping methods, has positioned e-commerce as a primary operational model for numerous businesses. Accurate forecasting in e-commerce has become a crucial foundation for informed business decisions. This paper presents a system model that analyzes the factors influencing online sales, such as customer unit price, user page views, and transaction conversion rates. Additionally, the training error curve and correlation coefficient curve are generated using the BP neural network prediction model. The results indicate a correlation coefficient of 0.99804, a mean squared error of 0.0021458, an average absolute error of 0.0035446, and a minimal relative error of 0.0034991. These findings suggest that the forecasting results are highly accurate, enabling enterprises to develop more effective sales strategies and enhance their online marketing performance.

Keywords

Business Decision, E-commerce Sales, BP Neural Network, Sales Forecasting

Cite This Paper

Yiping Wang, Zhishan Ren. Research on e-commerce sales forecast based on BP neural network. Academic Journal of Business & Management (2024) Vol. 6, Issue 11: 262-268. https://doi.org/10.25236/AJBM.2024.061138.

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