Machine Learning for Retailers

Retail industry has been in the forefront in adopting Data Science and Machine Learning. Some of the common applications of Data Science and Machine Learning are list below. Definitely, these are not exhaustive and smart professionals are bringing new applications everyday. Some of the commonly used Machine Learning and Data Science Techniques are Logistic Regression ... Read more

Market Basket Analysis – Key Performance Statistics

Market Basket Analysis (MBA) is an analysis to understand product bought together in a retail transaction or customer visit in a store. A number of blogs on a brief overview on Market Basket Analysis for a retail , a few published case studies of market basket analysis and step by step approach to Market Basket Analysis using R. In this ... Read more

Market Basket Analysis in R

Market Basket Analysis (MBA) or Affinity Analysis or Association Analysis is an analysis to understand combination and sequence of activities. Originally linked to understanding products bought together in a basket by a customer. Detailed description on Market Basket Analysis Install Required Packages For Market Basket or Association Analysis, arules and arulesViz have to be installed ... Read more

Market Basket Analysis - Step by Step Approach using R

Market Basket Analysis (MBA) is one of the commonly used analytical framework in Retail Industry. It can very well be leveraged in other industries and applications. Some of the key questions Market Basket Analysis (MBA) tries to answer are Should we perform market basket analysis at a product level or category level? Do we have ... Read more

Retailers and Type of Retail Stores

Author: Ajay Dadheech and Ram Originally Published @ A retailer is a person or business that sells goods or commodities directly to the consumers. The products are sourced from wholesalers or suppliers and sold to the consumers at a marked up price. A retailer works on to attract consumers to the retail store(s) cost effectively (Marketing & ... Read more