The Sales Prediction of ABCtronics’ based on the Multi-factorial Linear Model in Terms of Variance Inflation Factor

Zheming Cao, Sheng Luo

2022

Abstract

To make the prediction of ABCtronics’ sales, the multi-factorial linear model is used. In terms of variance inflation factor, a linear regression model can be set up by Minitab for us to analyze and predict the ABCtronics’ sales. Based on the approach, the estimated multiple regression equation is derived for sales volume with respect to total market demand, price per chip, and economic situation. According to the analysis, the total market variable is not statistically significant at the 5% significance level. These results shed light on processing a more precise prediction by using multi-factorial linear model in terms of variance inflation factor.

Paper Citation

in Harvard Style

Cao Z. and Luo S. (2022). The Sales Prediction of ABCtronics’ based on the Multi-factorial Linear Model in Terms of Variance Inflation Factor. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 587-591. DOI: 10.5220/0011194700003440

in Bibtex Style

@conference{bdedm22,
author={Zheming Cao and Sheng Luo},
title={The Sales Prediction of ABCtronics’ based on the Multi-factorial Linear Model in Terms of Variance Inflation Factor},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={587-591},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011194700003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - The Sales Prediction of ABCtronics’ based on the Multi-factorial Linear Model in Terms of Variance Inflation Factor
SN - 978-989-758-593-7
AU - Cao Z.
AU - Luo S.
PY - 2022
SP - 587
EP - 591
DO - 10.5220/0011194700003440