A Seasonal Approach for Analysis of Temporal Trends in Retail Marketing using Association Rule Mining
نویسندگان
چکیده
In an era when the customer is deemed as the king of the retail market, it pays heed to analyze every dimension of the customer’s purchase behavior to provide an insight into their buying patterns and to better understand retail rationale of the customers. This dissertation has attempted to envisage the temporal traits of the customer’s behavior in the Retail marketing. The research has put forth a seasonal study on the association amongst products in the realms of Retail Industry. In a country like India, obsessed with diverse seasons, the companies need to come up with better seasonal strategies that drive the market. Seasons have various dimensions to it viz. climatic seasons, festival seasons, etc. For each of those seasons the target audience keeps changing and the association of a set of products with customers also changes. This dissertation carries out an empirical study on the impact of seasonal and socio-economic factors on the buying patterns of the customers using Data mining tools and specifically applying the association rule for the products sold in the retail market sector. The results were analyzed by segregating the dataset into three seasons namely, January-April, MayAugust, and September-December. The results were interpreted with relevance to the seasonal behavior of the customers defined by the association of products. Weka 3.7.9 data mining tool is used for analyzing the data collected from XYZ supermarket located in Kanchipuram, TamilNadu, India. A mammoth 12000 transaction dataset and 215 product categories were involved in the research. This study reveals threadbare about the temporal association of products, for the Retail market to capitalize upon and to establish a better understanding and to enhance their customer relationship. General Terms Association Rule Mining in Retail Marketing.
منابع مشابه
Data mining for retail website design and enhanced marketing
Data mining is considered as one of the most powerful technologies that participates greatly in helping companies in any industry to focus on the most important information in their data warehouses. Data mining explores and analyzes detailed companies transactions. It implies digging through a huge amount of data to discover previously unknown interesting patterns and relationships contained wi...
متن کاملA new approach based on data envelopment analysis with double frontiers for ranking the discovered rules from data mining
Data envelopment analysis (DEA) is a relatively new data oriented approach to evaluate performance of a set of peer entities called decision-making units (DMUs) that convert multiple inputs into multiple outputs. Within a relative limited period, DEA has been converted into a strong quantitative and analytical tool to measure and evaluate performance. In an article written by Toloo et al. (2009...
متن کاملApplying a decision support system for accident analysis by using data mining approach: A case study on one of the Iranian manufactures
Uncertain and stochastic states have been always taken into consideration in the fields of risk management and accident, like other fields of industrial engineering, and have made decision making difficult and complicated for managers in corrective action selection and control measure approach. In this research, huge data sets of the accidents of a manufacturing and industrial unit have been st...
متن کاملMining the Banking Customer Behavior Using Clustering and Association Rules Methods
The unprecedented growth of competition in the banking technology has raised the importance of retaining current customers and acquires new customers so that is important analyzing Customer behavior, which is base on bank databases. Analyzing bank databases for analyzing customer behavior is difficult since bank databases are multi-dimensional, comprised of monthly account records and daily t...
متن کاملOptimizing Membership Functions using Learning Automata for Fuzzy Association Rule Mining
The Transactions in web data often consist of quantitative data, suggesting that fuzzy set theory can be used to represent such data. The time spent by users on each web page is one type of web data, was regarded as a trapezoidal membership function (TMF) and can be used to evaluate user browsing behavior. The quality of mining fuzzy association rules depends on membership functions and since t...
متن کامل