"Hi Karen,
One of the options here is to distinguish stores which yield more profit (more sales) from those that yield less profit.
A root cause analysis can be performed using a simple CART model which tells us the factors / parameters having…"
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Retail Store Clustering for Space Optimization
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Hi,I am new to analytics and would like to understand how can we approach a problem statement where we have to cluster around 10,000 retail stores.We would want to cluster the stores for Macro as…Continue
Tags: Space, Optimization, Micro, Macro, Clustering
Started this discussion. Last reply by Paul Hiller Sep 17, 2012.
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Andrew Gibson replied to Karan Gupta's discussion Retail Store Clustering for Space Optimization
"I was writing about this just last week on my own blog (http://andrewg-crabtreeanalytics.blogspot.com/). As I wrote there, I believe that geo/demographic data may not be useful to you at the outset for space optimization; it will…"
Rishi Jain replied to Karan Gupta's discussion Retail Store Clustering for Space Optimization
"Hey check varclus proc of SAS. It has all the algos which can be selected from for clustering!"
Karan Gupta replied to Karan Gupta's discussion Retail Store Clustering for Space Optimization
"Thanks Rishi!
Are there any clustering algorithms that are used to perform clustering of stores using the variables mentioned by you?
I really appreciate your response."
Rishi Jain replied to Karan Gupta's discussion Retail Store Clustering for Space Optimization
"Hi,
You will have to include external variables in addition to Sales and Inventory for clustering the stores.
Few important variables are as follows:
1. Internal variables
Sales of store, Inventory of store, Area of the store,…"
Karan Gupta posted a discussion
Retail Store Clustering for Space Optimization
Hi,I am new to analytics and would like to understand how can we approach a problem statement where we have to cluster around 10,000 retail stores.We would want to cluster the stores for Macro as well as Micro Space Optimization.The information that we have at hand are Sales and Inventory.Please advise. See More
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