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Research on Optimization of Taobao Product Sales Forecast Based on ARIMA model

In: Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024)

Author

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  • Chengyang Li

    (Shanghai Lixin University of Accounting and Finance, School of Information Management)

Abstract

Accurate sales forecast is of great guiding significance for online e-commerce. First of all, merchants can make corresponding marketing strategies and inventory plans in advance according to the predicted sales volume of goods, so as to meet the needs of consumers and achieve profits, while avoiding the stock shortage or backlog of goods, so as to improve operational efficiency and customer satisfaction, and help merchants better understand consumer demand and market trends. By analyzing historical sales data and consumer reviews, merchants can tap into consumers’ shopping habits and preferences, as well as hot items and trends in the market. This information is very important for merchants to formulate marketing strategies and adjust product positioning, which can help merchants better meet market needs and consumer expectations.

Suggested Citation

  • Chengyang Li, 2024. "Research on Optimization of Taobao Product Sales Forecast Based on ARIMA model," Advances in Economics, Business and Management Research, in: Junfeng Liao & Hongbo Li & Edward H. K. Ng (ed.), Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), pages 27-37, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-488-4_4
    DOI: 10.2991/978-94-6463-488-4_4
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