An Aggregating Prediction Model for Management Decision Analysis
Facing an increasingly competitive market, enterprises need correct decisions to solve operational problems in a timely manner to maintain their competitive advantages. In this context, insufficient information may lead to an overfitting phenomenon in general mathematical modeling methods, making it...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2022/6312579 |
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| _version_ | 1832565425951473664 |
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| author | Jianhong Guo Che-Jung Chang Yingyi Huang Xiaotian Zhang |
| author_facet | Jianhong Guo Che-Jung Chang Yingyi Huang Xiaotian Zhang |
| author_sort | Jianhong Guo |
| collection | DOAJ |
| description | Facing an increasingly competitive market, enterprises need correct decisions to solve operational problems in a timely manner to maintain their competitive advantages. In this context, insufficient information may lead to an overfitting phenomenon in general mathematical modeling methods, making it difficult to ensure good analytical performance. Therefore, it is important for enterprises to be able to effectively analyze and make predictions using small data sets. Although various approaches have been developed to solve the problem of prediction, their application is often limited by insufficient observations. To further enforce the effectiveness of data uncertainty processing, this study proposed an aggregating prediction model for management decision analysis using small data sets. Compared with six popular approaches, the results from the experiments show that the proposed method can effectively deal with the small data set prediction problem and is thus an appropriate decision analysis tool for managers. |
| format | Article |
| id | doaj-art-1a62b4cf36154b9691ca940c5be07e34 |
| institution | Kabale University |
| issn | 1099-0526 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-1a62b4cf36154b9691ca940c5be07e342025-02-03T01:07:37ZengWileyComplexity1099-05262022-01-01202210.1155/2022/6312579An Aggregating Prediction Model for Management Decision AnalysisJianhong Guo0Che-Jung Chang1Yingyi Huang2Xiaotian Zhang3TSL Business SchoolTSL Business SchoolTSL Business SchoolTSL Business SchoolFacing an increasingly competitive market, enterprises need correct decisions to solve operational problems in a timely manner to maintain their competitive advantages. In this context, insufficient information may lead to an overfitting phenomenon in general mathematical modeling methods, making it difficult to ensure good analytical performance. Therefore, it is important for enterprises to be able to effectively analyze and make predictions using small data sets. Although various approaches have been developed to solve the problem of prediction, their application is often limited by insufficient observations. To further enforce the effectiveness of data uncertainty processing, this study proposed an aggregating prediction model for management decision analysis using small data sets. Compared with six popular approaches, the results from the experiments show that the proposed method can effectively deal with the small data set prediction problem and is thus an appropriate decision analysis tool for managers.http://dx.doi.org/10.1155/2022/6312579 |
| spellingShingle | Jianhong Guo Che-Jung Chang Yingyi Huang Xiaotian Zhang An Aggregating Prediction Model for Management Decision Analysis Complexity |
| title | An Aggregating Prediction Model for Management Decision Analysis |
| title_full | An Aggregating Prediction Model for Management Decision Analysis |
| title_fullStr | An Aggregating Prediction Model for Management Decision Analysis |
| title_full_unstemmed | An Aggregating Prediction Model for Management Decision Analysis |
| title_short | An Aggregating Prediction Model for Management Decision Analysis |
| title_sort | aggregating prediction model for management decision analysis |
| url | http://dx.doi.org/10.1155/2022/6312579 |
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