"Hi Chaitanya,
I want to also practice modeling on retail data. however i do not have any data to work on. Is it possible for you to share the data so even i can try what Lance has suggested. I will be using R software for…"
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Chaitanya's Discussions
Analytics in retail industry
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Hi, I am curretly working on a point of sale data for a retail store which sells from garments to grocery. The data i have is a point of sale(say a customer invoice). One challenge i see is there is…Continue
Started this discussion. Last reply by RIMA RAJA yesterday.
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Chaitanya replied to Chaitanya's discussion Analytics in retail industry
"Thank you Lance, your thoughts are very insightful. We have implemented this association rule mining on this data. It really works.
Though i cant reveal the result but on a high level we used this to find related product/sku purchase on time…"
Lance Olson replied to Chaitanya's discussion Analytics in retail industry
"Chaitanya,Sorry for the late posting. I think that I can give more ideas.If you have the following data:Tran#;Date;time;REGISTERid;SKU;Cost$;Price$;QtyWith this information, you have the means to do the following(broken down by hourly, daily,…"
Chaitanya replied to Rohit Nagraj's discussion Segmentation to be performed on Prepaid subscribers
"I would like to go with Igor Elbert. Added to that consider customer demographics which would help a lot in segmentation. Also hypothesis is more important (for ex: youngsters generate more sms volume and/or use night plan)."
Chaitanya replied to Chaitanya's discussion Analytics in retail industry
"Thank you Illingworth. This helps to look in few more dimensions in my data. We have considered predicting churn, however the loyalty programs are not to the mark and unable to know which customer turns back to the store. Any views on…"
Illingworth Juan José replied to Chaitanya's discussion Analytics in retail industry
"You might consider accesing data from other point of sales so you can do diffrential analysis not only on product sold but on basket market as well. Gathering all stores from a same region will provide you different territorial patterns, dollar…"
Chaitanya posted a discussion
Analytics in retail industry
Hi, I am curretly working on a point of sale data for a retail store which sells from garments to grocery. The data i have is a point of sale(say a customer invoice). One challenge i see is there is no loyalty program for the store and only 20% of the customers use credit card for the transactions so unable to track a customer. I have tried Market basket analysis(Association rules), cannabalization analysis and Next best offer analysis. I would like to know the set of predictive analytics that…See More
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- Short Bio:
- B.E; M.B.A with 3 years of experience in predictive analytics. Currently working as a Consultant at Ernst & Young Pvt Ltd India in Enterprise intelligence and data analytics department. Has experience in leading predictive analytics engagements. Was a credit risk officer at a leading UK bank. Had worked with Basel 2 model in predicting Customer defaults.
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- Business Analytics, Predictive Modeling, Data Mining, Econometrics
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