Abstract: An apparatus, computer-readable medium, and computer-implemented method for predicting sales volume includes receiving historical sales information corresponding to a plurality of stock keeping units (SKUs), the historical sales information including a sales volume, grouping the plurality of SKUs into a plurality of sales tiers, generating a feature vector for each SKU in the plurality of SKUs, generating a statistical model based at least in part on the plurality of SKUs and their corresponding assigned sales tiers and feature vectors, and determining one or more projected sales tiers corresponding to one or more new SKUs based at least in part on the statistical model.