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Articles

Neural networks: fool's gold or layman's delight?

- a neural network model is used to predict the turnover of potential retail store locations

Pages 23-27 | Published online: 14 Aug 2019
 

Abstract

This article addresses the application of neural networks to the problem of predicting store performance. The article considers the predictive power of neural networks, but concentrates on the issues associated with using them, in particular, whether neural networks can be successfully applied by managers with a rudimentary knowledge of personal computing.

Additional information

Notes on contributors

David Coates

DAVE COATES (left) is a lecturer in statistics at Loughborough University Business School. His main research interests include applied statistics, time series analysis and total quality management. He has previously worked as a systems analyst for T I Chesterfield plc, and as a senior lecturer in statistics at the University of Plymouth.

Neil Doherty

NEIL DOHERTY (right) is a lecturer in management information systems at Loughborough University Business School. He has 10 years experience in the oil and aerospace industries. His research interests include the management applications of intelligent knowledge based systems, organisational issues in systems development and success factors in systems development.

Alan French

ALAN FRENCH (left) is a lecturer in quantitative methods at Loughborough University Business School. Previously he worked for the Central Electricity Generating Board as a systems programmer. Research interests include management applications of neural networks, genetic algorithms and integer programming.

Malcolm Kirkup

MALCOLM KIRKUP (right) is a lecturer in retailing at Loughborough University Business School. Formerly marketing planning manager with Sears plc, and lecturer in marketing at Cranfield University and Aston Business School. His research interests include retail location assessment and the application of computer models in retail location analysis.

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