Forecasting neural networks, such as forecasting sale the plastic injection machine market

Abstract

The aim of this research is to show what benefits the use of neural networks in forecasting processes can bring, among its development through out the years considering different kinds of mathematical methods. The software applications that have been developed recently for forecasting processes are neural and AI-based. Data entries from previous months are used in mathematical methods to calculate and predict sales in a company. By the use of these neural and AI-based processes, predictions of whether company sales will go up or down the next month can be made. This research will help to better understand the process behind these predictions and how the developments of neural networks come into place.