Construction of Ensemble Learning Model for Home Appliance Demand Forecasting

Given the increasing competition among household appliance enterprises, accurately predicting household appliance demand is crucial for enterprise supply chain management and marketing. This paper proposes a combined model integrating deep learning and ensemble learning-LSTM-RF-XGBoost-to assist enterprises in identifying customer demand, thereby addressing the complexity and uncertainty of the household appliance market demand. In this study, Long Short-Term Memory Network (LSTM), Random Forest (RF), and Extreme Gradient Boosting (XGBoost) models are established separately. Then, the three individual algorithms are used as the base models in the first layer, with the multiple linear regression (MLR) algorithm serving as the meta-model in the second layer, merging the demand prediction model based on the hybrid model into the overall demand prediction model. This study demonstrates that the accuracy and stability of demand prediction using the LSTM-RF-XGBoost model significantly outperform traditional single models, highlighting the significant advantages of using a combined model. This research offers practical and innovative solutions for enterprises seeking rational resource allocation through demand prediction.