Decision Sciences
2 years ago

Traditional Chinese Medicine Enterprises Set to Increase Profits with New Forecasting Model.

Profit Forecast of Business Data Based on Data Mining Algorithm
Wenlei Chi, Lei Zhu, Chenhong Zheng, Mengqian Zhang

Paper Summary

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The article predicts the future profits of Chinese medicine companies using a data mining algorithm. By analyzing past financial data from 10 companies, the model forecasts an increase in business income but varying trends in net profit from 2021 to 2025. The prediction accuracy of the model is good, suggesting it can help companies adjust their development strategies to improve profitability.