Enhancing Customer Experience and Sales Performance in a Retail Store Using Association Rule Mining and Market Basket Analysis
- Title
- Enhancing Customer Experience and Sales Performance in a Retail Store Using Association Rule Mining and Market Basket Analysis
- Creator
- Helen Josephine V.L.; Rajan D.
- Description
- The retail business grows steadily year after year andemploys an abounding amounts of people globally, especially with the soaring popularity of online shopping. The competitive character of this fast-paced sector has been increasingly evident in recent years. Customers desire to blend the advantages of old purchasing habits with the ease of use of new technology. Retailers must thus guarantee that product quality is maintained when it comes to satisfying customer demands and requirements. This research paper demonstrates the potential value of advanced data analytics techniques in improving customer experience and sales performance in a retail store. Apriori, FP-Growth, and Eclat algorithms are applied in the real time transactional data to discover sociations and patterns in transactional data. Support, confidence and lift ratio parameters are used and apriori algorithm puts out several candidate item sets of increasing lengths and prunes those that fail to offer the assistance that is required threshold. We identified lift values are more when considering frozen meat, milk, and yogurt. if the customer decides to buy any of these items together, there is a chance that the customer will buy 3rd item from that group. Research arrived High confidence score is for Items like Semi Finished Bread and Milk so these products should be sold together, Followed by Packaged food and rolls. As retailers continue to face increasing competition and pressure to improve their operations, The aforementioned techniques may provide you a useful tool to comprehend consumer buying habits and tastes and for utilising that knowledge to come up with data-driven decisions that optimise product placement, enhance customer satisfaction, and attract sales. 2023 IEEE.
- Source
- 2023 14th International Conference on Computing Communication and Networking Technologies, ICCCNT 2023
- Date
- 2023-01-01
- Publisher
- Institute of Electrical and Electronics Engineers Inc.
- Subject
- Apriori algorithm; Association rule mining; Eclat algorithm; FP-Growth algorithm; Market Basket Analysis; Sales performance
- Coverage
- Helen Josephine V.L., School of Business and Management, Christ University, Business Analytics, Bangalore, India; Rajan D., Cmr Institute of Technology, Department of Mca, Bangalore, India
- Rights
- Restricted Access
- Relation
- ISBN: 979-835033509-5
- Format
- Online
- Language
- English
- Type
- Conference paper
Collection
Citation
Helen Josephine V.L.; Rajan D., “Enhancing Customer Experience and Sales Performance in a Retail Store Using Association Rule Mining and Market Basket Analysis,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 24, 2025, https://archives.christuniversity.in/items/show/19743.