Supply forecasting and profiling of urban supermarket chains based on tensor quantization exponential regression for social governance

Abstract

Background During the COVID-19 pandemic, the accurate forecasting and profiling of the supply of fresh commodities in urban supermarket chains may help the city government make better economic decisions, support activities of daily living, and optimize transportation to support social governance. In urban supermarket chains, the large variety of fresh commodities and the short shelf life of fresh commodities lead to the poor performance of the traditional fresh commodity supply forecasting algorithm. Methods Unlike the classic method of forecasting a single type of fresh commodity, we proposed a third-order exponential regression algorithm incorporating the block Hankle tensor. First, a multi-way delay embedding transform was used to fuse multiple fresh commodities sales to a Hankle tensor, for aggregating the correlation and mutual information of the whole category of fresh commodities. Second, high-order orthogonal iterations were performed for tensor decomposition, which effectively extracted the high-dimensional features of multiple related fresh commodities sales time series. Finally, a tensor quantization third-order exponential regression algorithm was employed to simultaneously predict the sales of multiple correlated fresh produce items. Results The experiment result showed that the provided tensor quantization exponential regression method reduced the normalized root mean square error by 24% and the symmetric mean absolute percentage error by 22%, compared with the state-of-the-art approaches.

Keywords

• Supply forecasting and profiling
• Urban supermarket chains
• Multi-way delay embedding transform
• Tensor decomposition
• Exponential regression
• Social governance