TADA: Trend Alignment with Dual-Attention Multi-task Recurrent Neural Networks for Sales Prediction.

Tong Chen, Hongzhi Yin, Hongxu Chen, Lin Wu, Hao Wang, Xiaofang Zhou, Xue Li

Research output: Chapter in Book/Conference paperConference paperpeer-review

68 Citations (Scopus)

Abstract

As a common strategy in sales-supply chains, the prediction of sales volume offers precious information for companies to achieve a healthy balance between supply and demand. In practice, the sales prediction task is formulated as a time series prediction problem which aims to predict the future sales volume for different products with the observation of various influential factors (e.g., brand, season, discount, etc.) and corresponding historical sales records. However, with the development of contemporary commercial markets, the dynamic interaction between influential factors with different semantic meanings becomes more subtle, causing challenges in fully capturing dependencies among these variables. Besides, though seeking similar trends from the history benefits the accuracy for the prediction of upcoming sales, existing methods hardly suit sales prediction tasks because the trends in sales time series are more irregular and complex. Hence, we gain insights from the encoder-decoder recurrent neural network (RNN) structure, and propose a novel framework named TADA to carry out trend alignment with dualattention, multi-task RNNs for sales prediction. In TADA, we innovatively divide the influential factors into internal feature and external feature, which are jointly modelled by a multi-task RNN encoder. In the decoding stage, TADA utilizes two attention mechanisms to compensate for the unknown states of influential factors in the future and adaptively align the upcoming trend with relevant historical trends to ensure precise sales prediction. Experimental results on two real-world datasets comprehensively show the superiority of TADA in sales prediction tasks against other state-of-the-art competitors. © 2018 IEEE.
Original languageEnglish
Title of host publicationProceedings - IEEE International Conference on Data Mining, ICDM
PublisherIEEE, Institute of Electrical and Electronics Engineers
Pages49-58
Number of pages10
ISBN (Electronic)9781538691588
DOIs
Publication statusPublished - 27 Dec 2018
Externally publishedYes
Event18th IEEE International Conference on Data Mining Workshops, ICDMW 2018 - Singapore, Singapore
Duration: 17 Nov 201820 Nov 2018
https://sn.committees.comsoc.org/call-for-papers/the-18th-ieee-international-conference-on-data-mining-icdm-2018/

Publication series

NameProceedings - IEEE International Conference on Data Mining, ICDM
Volume2018-November
ISSN (Print)1550-4786

Conference

Conference18th IEEE International Conference on Data Mining Workshops, ICDMW 2018
Abbreviated titleICDMW 2018
Country/TerritorySingapore
CitySingapore
Period17/11/1820/11/18
OtherThe IEEE International Conference on Data Mining (ICDM) has established itself as the world’s premier research conference in data mining. It provides an international forum for presentation of original research results, as well as exchange and dissemination of innovative and practical development experiences. The conference covers all aspects of data mining, including algorithms, software, systems, and applications. ICDM draws researchers, application developers, and practitioners from a wide range of data mining related areas such as statistics, machine learning, pattern recognition, databases, data warehousing, data visualization, knowledge-based systems, and high-performance computing. By promoting novel, high-quality research findings, and innovative solutions to challenging data mining problems, the conference seeks to advance the state-of-the-art in data mining.

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