A comprehensive inventory forecasting model based on data mining of demand system

There are complex grey correlations among different demands of products as well as ones between demands and inventories. In terms of the nature of huge data reflecting this tough grey system in market, we manage to design a comprehensive inventory forecasting model, which is based on the data mining of market demand and inventory serial data. Grey theory is applied to reserve the essence of system while a data mining method is designed to screen the serial data to target critic ones as basis to inventory forecast. The model can produce valuable information about the tendency of inventory in near future.