Predicting the future store performance within a reasonable time frame allows managers to plan the required sales force, in order to provide the necessary stock for dealing with the expected number of customers and sales, and to plan the cash flow. There are three key indicators to which retail managers pay special attention: foot traffic, which is the number of visitors entering a brick-and-mortar store, conversion rate, which is the ratio of the people who actually make a purchase, and total sales, over a certain period. The method obtains RMSE of 0.0713 for foot traffic prediction, 0.0795 for conversion rate forecasting, and 0.0757 for sales prediction. The results of the experiments show that the proposed method has a comparable performance to the best methods proposed in the past that do not provide confidence intervals or parameter rankings. The method was tried for making predictions for up to one month in the future. Real data gathered by Follow Up, a customer experience company, was used to test the proposed method. The novelty of the approach that is presented here is that it provides a confidence interval for the predicted information and the importance of each parameter for the predicted output values, without additional processing or analysis. The previous data also considers other values that are easily obtained, such as the day of the week and hour of the day of the indicators. The previous data includes values for the indicators in the recent past therefore, it is a requirement to have gathered them in a suitable manner. This work presents a regression method that is able to predict these three indicators based on previous data. Forecasting them may allow for business managers plan stores operation in the near future in an efficient way. Foot traffic, conversion rate, and total sales during a period of time may be considered to be important indicators of store performance.
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