Forecasting Dairy Sales Estimates: A Comparative Analysis of Logistic Regression and Random Forest Algorithm

Abstract

This study examines the effectiveness of logistic regression and random forest algorithms in forecasting sales estimates for dairy products. Using a comprehensive data set that includes factors such as product features, pricing dynamics, promotional efforts and consumer demographics, the models are trained to accurately predict future sales figures. Logistic regression provides a transparent framework for estimating probabilities, while random forest uses ensemble learning to capture complex relationships between variables. Through careful evaluation and comparison, the research aims to identify the strengths and weaknesses of each algorithm in producing reliable sales forecasts for dairy products. The results show that while logistic regression offers interpretability and simplicity, random forest excels in handling non-linear relationships and achieving higher prediction accuracy. Insights gathered from this analysis can help dairy industry stakeholders make informed decisions, optimize resource allocation and improve sales forecasting strategies.