How can one use sophisticated mathematics / statistical techniques to get competitive differentiation while running store optimally. Here are 12 areas where statistics has been found to add dispropotionate value to the store related decision making process and thereby bringing game changing opportunities for the organisation
1. Promotion uplift modeling using regression
2 Sales forecasting using multivariate analysis, holt winters model,ARIMA, exponential smoothing etc
3. Store segmentation using K means clustering
4. Life time value modeling for loyalty card holders using Survival analysis, regression etc
5. Store experience sentiment analysis using unstructured text data mining
6. Survey analysis using discrete choice modeling, factor analysis etc
7. Pricing analysis using constraint based optimisation techniques
8. Understanding drivers of store performance using structural equations modeling
9. Shelf visibility analysis using A/B testing, design of experiments and multivariate analysis, chi square hypothesis testing
10.Cross sell recommendation engines using collaborative filtering and MB analysis
11. Shopper behavior based segmentation using K means clustering
12. New product launch analysis using engagement segmentor
Each of the above techniques will be ellaborated one by one in a separate blog
1. Promotion uplift modeling using regression
2 Sales forecasting using multivariate analysis, holt winters model,ARIMA, exponential smoothing etc
3. Store segmentation using K means clustering
4. Life time value modeling for loyalty card holders using Survival analysis, regression etc
5. Store experience sentiment analysis using unstructured text data mining
6. Survey analysis using discrete choice modeling, factor analysis etc
7. Pricing analysis using constraint based optimisation techniques
8. Understanding drivers of store performance using structural equations modeling
9. Shelf visibility analysis using A/B testing, design of experiments and multivariate analysis, chi square hypothesis testing
10.Cross sell recommendation engines using collaborative filtering and MB analysis
11. Shopper behavior based segmentation using K means clustering
12. New product launch analysis using engagement segmentor
Each of the above techniques will be ellaborated one by one in a separate blog
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