SummaryNowadays, companies want technologies that are able to help them to make the best decision. Data Mining is an excellent tool to estimate the sales. It allows the company to optimize its production and reduce costs, eg, in storage. When these models are combined with Lean Production, it becomes easier to remove waste and optimize industrial production. This case study followed the CRISP‐DM methodology in order to create a model able to reduce and, if possible, eliminate wastage. Several statistics measures were applied to the dataset. Regression algorithms were induced with the goal to find which one of the models are less likely to make mistakes, in other words, what model correctly predict the target result. After executing the tests, the model M1 from the scenario C1 with RandomTree algorithm, average data grouping and average method class creation is the less likely one to give errors regarding regression, having produced an RAE of 6.75%.
Data mining models are an excellent tool to help companies that live from the sales of items they produce because it allows the company to optimize its production and reduce costs, for example in storage. When these models are combined with Lean Production, it becomes easier to remove waste and optimize industrial production. This project is based on the phases of the methodology CRISP-DM, and aims to reduce and, if possible, eliminate wastage. The following methods: average, mean and standard deviation, quartiles and Sturges rule regression, were techniques applied to this data to determine which one is the model is less likely to make mistakes, in other words, meaning that the model did correctly predict the target. Most common metrics used at the statistical level, which had already been proven to have good results in similar studies. After performing the tests, the M4 model is what is less likely to make mistakes in terms of regression with a RAE of 21,33%.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.