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Market basket analysis : trend analysis of association rules in different time periods

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Resumo(s)

Market basket analysis (i.e. Data mining technique in the field of marketing) is the method to find the associations between the items / item sets and based on those associations we can analyze the consumer behavior. In this research we have presented the variability of time, because with the change in time the habits or behavior of the customer also changes. For example, people wear warm clothes in winter and light clothes in summer. Similarly, customers purchase behavior also changes with the change in time. We study the problem of discovering association rules that display regular cyclic variation over time. This problem will allow us to access the changing trends in the purchase behavior of customers in a retail market, and we will be able to analyze the results which will display the changing trends of the association rules. In this research we will study the interaction between association rules and time. We worked on transactional data of a Belgian retail company and analyzed the results which will help the company to build up time period specific marketing strategies, promotional strategies, etc. to increase the profit of their company.

Descrição

Dissertation presented as the partial requirement for obtaining a Master's degree in Statistics and Information Management, specialization in Marketing Research e CRM

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Data mining Market basket analysis Association rules Apriori algorithm Changing trends of association rules Comparative Analysis

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