Artificial Intelligence as a Business Forecasting and Error Handling Tool
Keywords:
Business Forecasting, Expert System, Belief Network, Regression Analysis, Delphi MethodAbstract
Any business enterprise must rely a lot on how well it can predict the future happenings. To cope up with the modern global customer demand, technological challenges, market competitions etc., any organization is compelled to foresee the future having maximum impact and least chances of errors. The traditional forecasting approaches have some limitations. That is why the business world is adopting the modern Artificial Intelligence based forecasting techniques. This paper has tried to present different types of forecasting and AI techniques that are useful in business forecasting. At the later stage we have also discussed the forecasting errors and the steps involved in planning the AI support system.
References
. Management Theory and Practice, Dr. C .B . Gupta , Sultan Chand & Sons.
. http://artificialbusinessintelligence.blogspot.in/2009/12/business-forecasts-withartificial.html
. Owen P Hall, Graziadio Business Report, 2002
. Soft Computing [Neural Networks, Fuzzy Logic and Genetic Algorithms],Sushil Kumar Singh, Galgotias
. Expert System in Real Life Application By Kiong Siew Wai, Abd. Latif B.Abdul Rahman, Mohd Fairuz Zaiyadi , Azwan Abd Aziz.
. A Tutorial on Bayesian Belief Network, Mark L Krieg
. Using belief networks to forecast oil prices, Bruce Abramson , Anthony Finizza
. http://gbr.pepperdine.edu/2010/08/artificial -intelligence-techniques-enhance-businessforecasts/
. Using Expert Systems and Artificial Intelligence For Real Estate Forecasting By Peter Rossini
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2015 COMPUSOFT: An International Journal of Advanced Computer Technology
This work is licensed under a Creative Commons Attribution 4.0 International License.
©2023. COMPUSOFT: AN INTERNATIONAL OF ADVANCED COMPUTER TECHNOLOGY by COMPUSOFT PUBLICATION is licensed under a Creative Commons Attribution 4.0 International License. Based on a work at COMPUSOFT: AN INTERNATIONAL OF ADVANCED COMPUTER TECHNOLOGY. Permissions beyond the scope of this license may be available at Creative Commons Attribution 4.0 International Public License.